UNDP Warns Fuel Subsidies Could Exceed $1 Trillion

Global fuel subsidies could exceed $1 trillion this year as the Iran war drives higher energy…

South Africa Faces Higher Fuel Import Risks

Refinery closures have pushed imported refined products above half of South Africa’s domestic fuel supply. Reserve…

AfDB Approves $5bn Framework To Tackle Energy Crisis

AfDB has approved a one-year, demand-driven framework backed by up to $5.06 billion to help African…

Oil Prices Rise as Iran Blockade Raises Supply Concerns

Oil prices rose as concerns grew over prolonged disruption to Iranian crude supplies and Strait of…