African economies brace for fuel shortages as Iran conflict hits energy

Some countries across the continent are imposing fines on people hoarding petrol, or subsidising fuel prices

African producers may have energy edge during Iran war, if they can overcome hurdles

The Iran war has cut off a fifth of global oil and LNG supply, handing African producers “a structural advantage” in supplying global markets, although their capacity is hampered by factors beyond the Middle East conflict, according to analysts. “West and North African exports are largely insulated from the conflict, meaning barrels from Nigeria, Angola, Gabon, Algeria and Libya are viewed as lower-risk alternatives,” said Grace Goodrich and Anne-Laure Klein of Energy, Capital & Power, a Cape...

By Dulue Mbachu