Stories tagged “Global Oil Markets.”
3 stories
Why Libya's Next Oil Pipeline Could Be a Geopolitical Game-Changer
Libya's next oil pipeline could be a geopolitical game-changer due to its strategic location and potential impact on global oil markets. The pipeline's development is expected to increase oil production and exports, which could lead to increased tensions in the region.
Senegal hikes fuel prices amid surge in global oil markets
Senegal has raised fuel prices due to the sharp rise in global oil costs. Super petrol now costs 990 CFA francs a litre, up by 70 francs, while diesel has risen to 755 CFA francs, an increase of 75 francs.
The United States launched a new wave of strikes against Iran on Wednesday to curb its ability to threaten shipping in the Strait of Hormuz. US President Donald Trump warned he could widen attacks unless the Islamic republic returned to talks.