As the global powers prepare for the World Economic Forum Annual Meeting to commence on 17 January, IHS Markit Senior Vice President Carlos Pascual analysed the new geopolitics of oil in 2017. Below is a brief extract from the full report which can be viewed on ihsmarkit.com

Egypt could potentially position itself as a major seasonal player in the gas sector as the market dynamics begin to shift

Nigeria overtook Angola as Africas top oil producer, but despite this Angolas output was greater than Nigerias throughout 2016 

Tullow announced on 9 January that it agreed a substantial farm down of its assets in Uganda to Total, but this may also have implications to its operations in Kenya