LONDON / Reuters Oil rose on Monday, recovering some of the decline on the potential impact on global growth from a trade dispute between China and the United States as well as rising US output. Markets were also eyeing the situation in Syria after reports – denied by the Pentagon – that US forces had struck a major air base ...

LAGOS / Reuters Nigerian energy company Neconde has launched an arbitration case against Royal Dutch Shell, the West African firm’s chief executive said, alleging the oil major continued to lift crude and failed to remit funds after a lease had been sold. The oilfield in question, Oil Mining Lease (OML) 42, is also at the centre of corruption allegations. Shell ...

Bloomberg President Donald Trump predicted China will be first to buckle as the world’s largest economies teeter on the brink of a trade war that’s sent financial markets reeling, without indicating where his assessment sprang from. “China will take down its trade barriers because it is the right thing to do,” Trump told his 50 million Twitter followers on April ...