The war in Ukraine continues to shake the gas and oil market

by time news

Published on :

Faced with soaring gas and oil prices following the war in Ukraine, the public authorities are mobilizing to reassure their fellow citizens. A world tour of the situation with our correspondents with Gabrielle Maréchaux in Malaysia, Pierre Bénazet in Belgium, Martin Bernard in Brazil and Liza Fabbian in Nigeria.

In Malaysia, the government very quickly tried to calm the population by ensuring that prices would remain low thanks to subsidies. Belgium is playing the aid card for fuel consumers. In Brazil, the rise in the barrel of oil caused pump prices to explode: + 18% for petrol, + 25% for diesel last week. In Nigeria, one might think that the rise in the price of a barrel of oil is good news for the first crude oil producer on the African continent and the sixth in the world, except that the country’s four refineries are shut down for lack of maintenance or because they are too old, forcing the country to import almost all of its fuel, in a tight market, thus posing serious supply problems.

You may also like

Leave a Comment