. >>> and shell evacuates niger delta's facility due to militants. there was also a recent bomb in there and the ceo says we continue to monitor the security situation in our operating areas in the niger delta and are taking all possible steps to ensure the safety of staff and contractors. we do not wish to go into details. our operations are continuing. >>> now the lower crude prices have stung economies across africa. bob diamond is telling cnbc that cheep oil isn't the challenge facing the continent. >> clearly there are headwinds. the commodity cycle, more volatility, big change in prices, for those countries relying on industries and the impact, i think a perceived pull-back of china in terms of investments really across the piece impacts africa as well. one that isn't talked a lot about is the impact of the financial crisis in 2008 and 2009 in investments in places like africa. and if you look at things like trade finance, almost 50% of the trade finance in africa prior to the financial crisis was supplied by european banks. today it's almost z

daily basis but according to our colleague, talking about how actually what is happening in the niger deltas leading to output -- he says that matters a lot more than what is happening in the king of saudi arabia right now. new generation of militants once again coming to lots with the president in his attempt to clamp down on corruption. exxon and shall introducing force majeure. its needs nigeria to meet obligations in terms of not allowing this market going into haveit to goldman sachs already sent an perhaps we are in deficit in the oil market. we will carry on that conversation during "countdown." manus: i see this story you are looking at about dividends. the dividends -- the dividend hopefuls are still there? >> absolutely. this latest reporting season, we have seen profits dropping by 20% over the past year. dividends holding up well. 3.7% since 2013. have a investors -- i chart that shows how expectations around dividends as 50,ared to the european top we are at a three-year -- we are at a high so more specifics around the. relative to the euro stock, 50. dividends are still kickin

insurgency in nigeria in the niger delta has lasted many months and years in the past.w group seems to have made at least one audacious hitting an underwater pipeline. the government has said it will respond forcefully, but this is a very uncertain time for nigeria. betty: is it possible we could still see oil take a leg lower before it sustainably moves higher? reporter: that is certainly possible. we have a lot of oil that is currently disrupted. canada and nigeria are the big ones, but we have also had a number -- another set down in libya because of the sales stand up between the two rival governments in libya. iraqve ongoing outages in due to a government decision on exports from the north of the country. we have similar in the neutral zone shared by saudi arabia and kuwait, awaiting government decisions there. if that production comes back, it could come back in values that would far outstrip what the current sort of deficit is. that could put us back in to a situation of oversupply, and that could have a negative impact on prices again. i have a chart of prices t

and i seems that that is coming from the niger delta, that group once again they tend to strike on these oil stations. >> the big named oil firms and of course from tineo our guest was saying the big concern for the government is make sure this doesn't spread so the fact this continues to be a threat there could continue to have an impact on oil prices as well. a lot of dollar strength and oil continue to push higher despite the moves. dollars lower on the yen by about 0.12% at this stage. the g seven meeting also 7 meet. let's give you another picture on corporate movers. --. sri jegarajah joins us live from sing spore. >> you take great interest in the automotive sector. and i just wanted to talk to you about the price --. shares takata limit up today on this nikkei report. i must stress as the report. there is no official confirmation as of yet but let's take the nikkei report at face value. kkr are interested in taking 60% stake in takata. that is subjective to approval from takata's auto maker clients. remember this is important because only a handful of other companies aside from t

week and from new zealand to south africa, new jury a were residents demanded a cleanup of the niger delta to brazil to turkey to denver, colorado, to ecuador where participants planted trees on a future oil refinery site to protest a national park. demonstrators converged in los angeles and vancouver, canada in , west java, indonesia, where they dropped banners from machinery used to unload coal, and chicago to washington, d.c. in germany, more than 100 people were arrested after thousands gathered to shut down one of europe's largest lignite coal mines for two days. the protesters blocked rail access and made their way onto the grounds of a coal-fired power station. in another reminder of the fossil fuel industry's impact, a shell oil facility spilled about 90,000 gallons of crude oil into the gulf of mexico off the coast of louisiana. others say the spill has been contained and cleanup is underway. and in the latest sign of human-induced climate change driven by the fossil fuel industry, last month marked the hottest april on record worldwide, crushing the previous high by the widest ma

there have been concerns about nigeria and the niger delta being evacuated and concerns about the safety. there seems to be a supply-demand dynamic. yesterday andckup it seems that commodities go higher and so do stocks. we will be digging so much more into the dollar index because it's down a quarter percent but goldman's sex says go long on the dollar. we are underestimating where the fed could go. also on japanese debt, it is still negative on the tenure but they say a tantrum could be in the waiting and we could see japanese bonds starting to sell off yields go higher and this could sell off and the rest of the bond market as we see japan get real on its fiscal and monetary stimulus. let's get to bloomberg's first word news with shery ahn. president brazilian dilma rousseff says she is facing what may be her last day in office. the senate is gearing up for a vote that would force her out impeachment-- in battle she looks unlikely to win. least 50 votes more than the simple majority they need to move toward impeachment. donald trump has won the west virginia and the prescott primaries

we've seen a resurgence of violence in the niger delta. more oilpposed to get revenue out of the central government. they've attacked several oil platforms. the production to a 20 year low. can still trying to recover from the wildfire. venezuela has an impact. it started to have a big impact in the market. goldman sachs put out a report that says the market is rebalanced its deficit. it has already begun. he has called this so well over the last couple of years. you other market inside out. they been caught off guard by how fast it's rebounded. will: that's a good question. in nigeria, what's gone could come back to canada will almost certainly come back. what's interesting about what goldman reported, this is pretty close. long-term the market may remain oversupplied. the really important question for the oil market is as we see prices rally into the 50's, will feel producers come back with fresh girls? -- girls? -- barrels. this will come back down to 8.8 million a day. where is this the spot for shale? will: people have seen 50 as a cr

delta, andthe niger the same thing with the wildfire in canada.hey are more or less under control but that has disrupted oil flows, and they have a very close proximity to consuming centers. in two days they are in the united states, and with africa oil, it is felt very closely into europe. that has been the impact. it is still a bit of oversupply so the market is getting a bit ahead of itself. i have been talking this morning and yesterday with physical oil --ders and they said there we are probably five dollars above what we are -- what we should be. tom: congratulations on your coverage. i think you were out front pushing against the gloom of $30 a barrel. the chart of brent crude puts this in go. $100 a barrel, down we go. down?e rationalization people sat at the surveillance desk and said, i would be stepping in on oil. and then here at $60, i would be stepping in at oil desk in on oil. -- in on oil. does everybody have an angle and an opinion? javier: absolutely. those that were betting we were going to get at $50 could not have anticipated