Kenya’s economic mess: Whom to blame?
President William Ruto’s now-withdrawn tax hikes as well as similar legislation passed in 2023 are both linked to IMF loans as Kenya staggers under the weight of a heavy debt crisis...
Tag : fuel
Start-up of the Week: Through its ‘Digital Twin’, We4Sea is reinventing ship performance monitoring
We4Sea introduced a new 'Pre-Charter Assessment' mechanism in the domain of the sea freight business, realising the importance of improving the performances of newly added time-chartered vessels...
SASCO leads Saudi automotive sector with Vision 2030 goals
SASCO announced the implementation of the ‘Self-Service System’ in all its stations...
Infrastructure expenses spike super gasoline costs in Uganda
Uganda President Yoweri Museveni in 2023 attributed Kenya's government-backed gasoline importation agreement's 'middlemen' to the high fuel cost in Kampala...
Lebanon extends deadline for licensing round for offshore oil
The current tensions between Israel and Lebanon are jeopardising the 2022 agreement...
Renewable diesel market thrives amid profit dip
According to the STEO, the EIA currently projects that the daily average production of renewable diesel will be about 230,000 barrels in 2024 and 290,000 barrels in 2025...
Singapore shipper claims milestone with bio-methanol refuelling
Singapore's Maritime and Port Authority indicated that it was prepared to provide methanol bunkering on a commercial basis, endorsing the refuelling at the Tuas Port...
OPEC predicts increase in global oil demand, IEA differs
OPEC declared that it would no longer publish the estimate of global demand for its own crude, which is used as a gauge of market strength, and instead concentrate on OPEC+'s oil demand...
Bank of Mozambique deems foreign exchange market stable despite concerns
Jamal Luis Omar notes that the Mozambican foreign exchange market is steady, and exports and conversion rates are both continuing as usual...
Egypt’s inflation continues to increase
Egypt’s headline inflation rate slowed to 33.3% y/y in March despite the near 40% fall in the pound’s official exchange rate last month...