Gasoline crisis bites as Kenya’s energy minister assures country ‘there is enough fuel’ in dry pumps
Kenya’s Energy Cabinet Secretary Opiyo Wandayi has assured the country that the government is taking every necessary step to ensure the ongoing conflict in the Middle East does not negatively affect fuel supply or energy stability in the country. Mr Wandayi gave the assurance on Wednesday when he appeared before...
World oil prices soar in wake of market turmoil triggered by economic fallout of US-Israel strikes on Iran
Despite efforts by other nations to boost supply, analysts predict that the oil market will continue facing significant shortages, with geopolitical risk premiums expected to stay elevated. This surge in oil prices adds further strain to a struggling global economy. Surging oil prices have triggered turbulence across global financial markets, sending major stock indices into sharp decline.
