Author name: Siim

LIVE: Oil Prices Surge 2.5% as Trump Orders Blockade of Venezuelan Tankers

LIVE: Oil Prices Surge 2.5% as Trump Orders Blockade of Venezuelan Tankers

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Live By Charles Kennedy – Dec 17, 2025, 4:23 AM CST Updated: Dec 17, 2025, 7:12 AM CST Trump’s announcement of a blockade on sanctioned Venezuelan tankers pushed WTI crude up more than 2.4%, reflecting heightened geopolitical risk premiums. The move could ultimately disrupt a sizable share of Venezuela’s exports, cutting into global supply. Despite […]

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Oil Prices and Economic Growth: How Global Energy Markets Impact Africa

Oil Prices and Economic Growth: How Global Energy Markets Impact Africa

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Oil prices move for all kinds of reasons, and when they do, the effects reach far beyond energy producers or traders. Across Africa, shifts in the global oil market influence transport costs, food prices, government spending, and even consumer confidence. You don’t need to follow energy markets closely to feel their impact. Higher fuel bills,

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EPRA Announces December Fuel Prices: Nairobi Super Petrol at Ksh184.52 per Litre

EPRA Announces December Fuel Prices: Nairobi Super Petrol at Ksh184.52 per Litre

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The Energy and Petroleum Regulatory Authority (EPRA) has announced that retail fuel prices in Kenya will remain unchanged for the period from December 15, 2025, to January 14, 2026. In Nairobi, Super Petrol will retail at Ksh184.52 per litre, Diesel at Ksh171.47, and Kerosene at Ksh154.78. The prices include the 16 per cent Value Added

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Iran raises gasoline prices for the first time since deadly 2019 protests

Iran raises gasoline prices for the first time since deadly 2019 protests

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Iran introduced a new pricing tier Saturda for its nationally subsidized gasoline, attempting to rein in spiraling costs for the first time since a price hike in 2019 that sparked nationwide protests and a crackdown that reportedly killed over 300 people. Cheap gasoline has been viewed for generations as a birthright in Iran, sparking mass

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Petroleum Prices Expected to Drop by Rs. 12 Per Litre

Petroleum Prices Expected to Drop by Rs. 12 Per Litre

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In a development that is expected to ease financial pressure on households and businesses across the country, petroleum prices in Pakistan are anticipated to decrease by Rs.12 per litre in the upcoming government price revision. The expected cut comes as international oil prices show a downward trend and the rupee maintains relative stability against the

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‘Act of piracy’ or law: Can the US legally seize a Venezuelan tanker?

‘Act of piracy’ or law: Can the US legally seize a Venezuelan tanker?

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United States President Donald Trump has said that the US has seized a sanctioned oil tanker close to the coast of Venezuela, in a move that has caused oil prices to spike and further escalates tensions with Caracas. “We’ve just seized a tanker on the coast of Venezuela, large tanker, very large, largest one ever,

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