Fuel price protests spread across Syria for a second day as parliament summons energy minister
Protests over fuel price increases spread across Syria for a second consecutive day on Monday, with demonstrators blocking roads and oil tanker routes in several provinces. The unrest was reported in Hasakah, Deir ez-Zor, Raqqa, Aleppo, Idlib and Daraa, according to the supplied material. In several places, residents also called for the dismissal of Energy Minister Mohammed al-Bashir.Parliament said it had summoned al-Bashir to appear before a hearing on Thursday at noon local time, after more than 50 members of the People's Assembly signed a request on Sunday asking the energy committee to question him over the price hikes and... [Continue Reading]
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Trump urges Zelenskyy to stop strikes on Russian diesel refineries amid fuel price pressure
US President Donald Trump has urged Ukraine to stop striking Russian diesel refineries, saying the attacks are contributing to a global diesel shortage. He made the comments on Sunday while speaking to reporters at the Amgen Irish Open at his golf course in Doonbeg, Ireland. Trump said he had spoken with Ukrainian President Volodymyr Zelenskyy about the issue and argued that there were "plenty of other targets".Trump said the refinery strikes were "hurting the world", linking the disruption to wider pressure on fuel markets. The remarks came as Russia and Ukraine remain locked in an intensifying missile war, with Ukrainian... [Continue Reading]
Dangote refinery IPO set to become Africa's biggest-ever listing
Aliko Dangote's Nigerian oil refinery business is set to go public on the Nigerian exchange in a flotation that could become Africa's biggest-ever initial public offering. The listing of Dangote Petroleum Refinery and Petrochemicals is scheduled for Monday, with share purchases open until 13 October. If the offer is fully subscribed, it could add about $23bn to Dangote's net worth.The public offering is being marketed as an IPO for ordinary investors as well as institutions, with a minimum subscription of 10 shares costing 5,250 naira. The company has also been promoted through banking platforms and fintech ventures, with a particular... [Continue Reading]
Oil prices surge as Middle East tensions threaten supply routes
Oil prices rose sharply on Monday, with Brent crude moving above $107 a barrel and West Texas Intermediate climbing above $102 as escalating tensions in the Middle East renewed fears of disruption to global energy supplies. The move came as traders reacted to fresh security concerns in the region and the risk that key export routes could be affected. Both benchmarks extended gains from the previous week after rising back above the $100 threshold.Brent crude for November delivery gained 2.8% to $107.54 a barrel, while West Texas Intermediate for October rose 2.3% to $102.34. The market reaction was tied directly... [Continue Reading]
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Australian fuel prices set to rise as oil spikes and markets sell off
Australian motorists are expected to face higher fuel prices in the coming weeks after a sharp rise in global oil markets. Prices are on track to climb by 20 to 30 cents as Brent crude moved to its highest level since mid-May, briefly pushing towards US$110 a barrel before settling above US$108 in late Friday trade. The move comes as investors sell stocks and bonds amid growing concern about the Middle East conflict and wider market stress.The latest increase in oil prices has fed through quickly to expectations for retail fuel costs in Australia. The market reaction has also been... [Continue Reading]

