Tullow Oil shares fell by almost 16% after the company warned of a likely $1.5bn (€1.3bn) financial hit to its 2019 figures due to a lower oil price forecast and a reduction in reserves at one of its flagship fields offshore Ghana.

Dublin: Kampala Tullow Oil Plc, the Irish-owned African exploration company, won’t agree to sell a stake in its Ugandan assets until the government of the African nation approves such a deal.

China warned the United States today not to meddle in its trade relations with Iran after Washington expressed concern about a planned investment by a Chinese oil company in an Iranian gas field.

HONG KONG’S Hang Seng Index climbed to its highest in almost seven weeks.