oil
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Prolonged Strait of Hormuz closure to scar global oil markets for years
The world’s worst oil supply disruption in history will take months and potentially years to recover from.
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US petrol price reaches $4 a gallon, highest since 2022
Petrol prices in the US have surpassed $4 a gallon amid the Iran conflict, with further increases expected during summer travel season.
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Brandstofskok dreig: Druk op gesinne neem toe
Solidariteit Helpende Hand waarsku dat die werklike impak veel verder as die petrolpomp strek. Hoër brandstofkoste werk soos ‘n stil domino-effek deur die ekonomie en raak uiteindelik die kwesbaarste gemeenskappe…
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Middle East war fuels fears of new oil crisis
Geopolitical tensions are raising oil prices, prompting concerns of a new oil crisis, though experts suggest it’s premature to classify it as such.
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Fuel price shock expected for April as Middle East conflict drives oil surge
Motorists are facing a nightmare outlook for April, with mid-month data from the Central Energy Fund indicating steep hikes for petrol and diesel.
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Oil prices surge above $100 despite record reserve release
Major economies’ record oil reserve release failed to stabilize prices amid ongoing conflict and significant supply disruptions, raising market concerns.
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IEA chief says plenty of oil in market despite Middle East conflict
The International Energy Agency reassures there’s plenty of oil despite Middle East conflicts, urging renewable energy focus and caution against relying on Russia.
