In oil-rich southern Tunisia, locals are furious at the government and oil companies for failing to follow through on their promises to create jobs. With unemployment stubbornly high in the region and the Covid-19 pandemic making the situation considerably worse, several protest movements have emerged since June. Women have also joined in, a rare sight in this conservative region. Our correspondents Lilia Blaise and Hamdi Tlili followed two female activists fighting for women's rights and jobs for young people during the recent demonstrations in July.
As the first half of the year winds down, the COVID-19 pandemic has shaped global oil dynamics with the OPEC+ supply cuts helping to keep oil prices afloat. Alex Nachi Tarka, President of the Nigerian Association of Petroleum Explorationists joins CNBC Africa for more.
Oil producer club, OPEC, says global oil demand is anticipated to decline by 6.4 million barrels per day in the second half of the year compared with a decline of 11.9 million barrels per day in the first half of the year. Uchenna Minnis, Managing Partner at BluFx Nigeria joins CNBC Africa to discuss the trends in the global oil market and what they mean for emerging markets like Nigeria.
Oil prices have climbed up in recent times driven by relaxed coronavirus restrictions and lock-downs in some countries which have allowed some businesses and factories to resume operations. The market was also supported by Saudi Arabia’s decision to further deepen its output cut. Rolake Akinkugbe-Filani, Managing Director of Energyinc Advisors joins CNBC Africa to focus on the global oil market and its implication for Nigeria.