Economy

Brent prices soar by more than 40% in March 2026

WTI futures with the settlement in May 2026 rose to $101.38 per barrel in the period

Nigeria refinery could ease Europe fuel supply pressure

Nigeria’s Dangote refinery says it is ready to supply Europe with fuel as buyers seek alternatives amid market turmoil and Strait of Hormuz risks

South Africa faces fuel price hikes from April 1

South Africa’s president has warned of petrol and diesel price hikes from April 1, citing the ongoing conflicts in the Middle East

India eases kerosene distribution rules

India has announced measures to ease the distribution of kerosene in several states for cooking and lighting, as it faces an energy crisis

Putin discusses energy supplies with Serbia's Vucic

Serbian President Aleksandar Vucic has phoned Russian President Vladimir Putin to discuss energy supplies as oil and gas prices soar due to the Iran war

JP Morgan sees oil price growing to $150, if Hormuz closed for another month

According to the chief economist Bruce Kasman, a scenario in which the strait remains closed for an additional month would be consistent with constraints on industrial consumers of energy supply