Eskom announces a 12.72% electricity tariff hike, signaling tougher times ahead for South African consumers and municipalities amid ongoing financial challenges.
In the News
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Kenya’s first e-Mobility Draft Policy aims to transition to electric mobility, encouraging EV adoption with green number plates and nighttime charging to optimize energy use and reduce emissions.
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Oil prices surged on Tuesday, April 2nd, 2024, driven by concerns over potential supply disruptions in Russia and the Middle East. The benchmark Brent crude futures contract reached its highest level since October 2023, after a Ukrainian drone attack targeted a major Russian refinery. Additionally, Iran’s vow to retaliate against Israel for a deadly airstrike raised fears of a wider conflict in the Middle East.
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Oil prices edged higher on Wednesday, April 3rd, 2024, on concerns about tighter global crude supplies. A larger-than-expected decline in U.S. crude oil inventories and ongoing geopolitical tensions in the Middle East fueled investor worries.
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Zimbabwe is crafting a groundbreaking Electric Mobility Policy to boost EV adoption, leveraging its vast lithium reserves for a sustainable, greener transport future.
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With the Dangote Refinery’s diesel production underway, economists predict a significant drop in diesel prices, offering a glimmer of hope for Nigeria’s economy.
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The Federal Government’s 11% gas price hike pressures power generation companies, exacerbating Nigeria’s energy crisis and raising concerns over future power costs.
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Venezuela’s oil industry is on the rise after Chevron restarted drilling operations. This follows the US easing sanctions on Venezuelan oil in October 2023. The new drilling program is expected to significantly increase oil production. However, the future of this collaboration is uncertain as US sanctions relief hinges on upcoming Venezuelan elections.
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A recent report from the Economic Community of West African States (ECOWAS) reveals a stark reality: only 10% of rural areas in West Africa have access to electricity, highlighting a…
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Oil prices edged higher on April 1st, with US crude futures settling at a five-month peak. This cautious increase reflects a balancing act in the oil market. Optimism about economic growth in major consumers like the US and China is fueling expectations of rising demand, but this is countered by concerns over tightening global oil supplies.