Africa and Oil

The oil industry in Africa is indicted for causing massive environmental damage, for the role of oil money in propping up corrupt regimes and for disrupting the traditional livelihoods of indigenous people. Yet it is undeniable that oil production directly benefits the economies of many African countries. If growth is not to come from oil, are the critics of Big Oil saying that Nigerians and other countries should go back to the land and develop less? Speakers in this debate include: Dara Akala Living Earth Foundation; Barnaby Briggs Shell; Joseph Hurst Croft Stakeholder Democracy Network and Dipo Salimonu Ateriba Africa Confidential.

Crude Light Ahead of OPEC

NEW YORK (TheStreet) -- Crude oil is slightly off on light volume ahead of OPEC's meeting. Ray Carbone of Paramount Options does not expect big year end moves.

Historic deal signed over Sudan oil

One of the major sticking points in the upcoming referendum on south Sudan's secession from the north is the future of Abeyi, an oil-rich border region which both sides want to control.

Solving the dispute temporarily, a deal to postpone the decision over who controls the nation's oil wealth has been postponed.

But as Al Jazeera's Anita McNaught reports from Juba, this could spell future difficulties for the country.