3 articles tagged with “energy crisis”
Sustained US and Israeli military operations against Iran have triggered widespread economic disruption, with at least 85 countries reporting petrol price increases and governments scrambling to release strategic oil reserves.
The International Energy Agency is preparing its largest-ever strategic reserve release to counter oil price surges driven by Middle East tensions, while Nigeria grapples with gas shortages disrupting power generation and diesel price spikes threatening its generator-dependent economy.
Nigeria's electricity sector confronts dual crises as workers activate strike action while 5.2 million customers lack meters, with metering rates at just 57.27% despite December distribution efforts.