Rising energy costs in Egypt are forcing Cairo nightlife venues to close earlier, disrupting businesses, reducing revenue, and reshaping the city’s vibrant after-dark social scene.
Iran War
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Energy TransitionIn the News
South Africa Announces One-Month Fuel Levy Cut to Ease Rising Pump Prices
South Africa will cut its fuel levy for one month to ease rising pump prices, offering temporary relief to consumers amid increasing global energy costs.
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KEY POINTS Dangote Refinery has announced another upward review of its petrol pricing, raising the gantry price of Premium Motor Spirit (PMS) from ₦1,175 to ₦1,245 per litre, a ₦70 …
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KEY POINTS Oil prices rose sharply on Monday as the conflict between the United States, Israel, and Iran entered its third week, intensifying concerns over global supply. Brent crude, the …
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In the NewsMarketsOil & Gas
Dangote Refinery Raises Petrol Price to N1,175 per Litre Amid Global Oil Price Surge
KEY POINTS The Dangote Refinery has increased its ex-gantry price for Premium Motor Spirit (PMS), commonly known as petrol, to N1,175 per litre, marking a N100 rise from its previous …
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KEY POINTS The ongoing war in Iran pushed Brent crude oil prices above $100 per barrel, rising 9.2% to settle at $100.46. Stock markets worldwide suffered sharp losses, with the …
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KEY POINTS Global oil prices climbed sharply on Thursday after Iran intensified attacks on oil and transportation facilities across the Middle East, raising fears of a prolonged regional conflict and …
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KEY POINTS The International Energy Agency, IEA, has warned that the ongoing conflict in the Middle East is causing what could become the largest supply disruption in the history of …
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KEY POINTS Iran has warned that global oil prices could surge to as high as $200 per barrel as tensions in the Middle East escalate and attacks on merchant vessels …
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Energy TransitionIn the News
IEA Orders Record 400 Million Barrel Oil Release to Stabilise Global Markets Amid Iran War
KEY POINTS The International Energy Agency , IEA, has announced the largest coordinated release of emergency oil reserves in history, as member countries move to stabilise global energy markets following …