Executive Director of the SAPIA, Avhapfani Tshifularo, told journalists that the potential return of Iranian oil exports to South Africa threaten to displace barrels from Saudi Arabia and Nigeria that plugged the supply gap when sanctions were imposed on Iran, which is OPEC's
fifth biggest producer.
The copper price could also be affected by any disruption at Congolese mines but any impact is likely to be less dramatic as Congo is only the world's
fifth biggest producer, analysts say.
Not exact matches
Venezuela, South America's
biggest oil
producer, announced this week the devaluation of its currency for the
fifth time in nine years.
Russia, the world's
biggest crude oil
producer and its
fifth - largest emitter of greenhouse gases, signed the Paris agreement but has delayed formally ratifying it.