oil prices

President Emmerson Mnangagwa’s regime which has been controlling its currency for two years says it does not have the capacity to introduce fuel subsidies for people in Zimbabwe amidst a surge fuel prices worldwide.
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Plunging oil prices and collapsing state revenues have seen Nigerian authorities vow an end to a controversial fuel subsidy scheme long criticised as a graft-ridden drain on public finances.
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World oil prices soared on Friday after the US killed a top Iranian general, fanning fresh fears of a conflict in the crude-rich Middle East, with Tehran warning of retaliation.
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In the wake of the attacks on key Saudi Arabian oil infrastructure, American officials have been talking about drawing on a huge emergency stash of oil kept in the United States.
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Petrol prices are set to rocket in the next few weeks, experts predicted, driven by oil prices that touched the highest level in three-and-a-half years at $63,81 a barrel this week, which is 143 percent above the 2016 all time low of $26,21…
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