The Markets Ledger

Zimbabwe fuel prices go up

Zimbabwe’s energy regulator has increased fuel prices to US$1.95 per litre for diesel (50), from US$1.87, and US$1.96 for petrol (E20) – up three cents, as escalating conflicts and Middle East tensions continue to disrupt transit routes and global crude supplies.

Brent oil nears $100 on supply fears

Brent crude traded near $100 a barrel after Houthi attacks on tankers in the Red Sea opened a new front in the Middle East conflict, while President Donald Trump threatened to extend US strikes on Iran.

US gas price back $4

The average price US drivers pay for a gallon of gas has hit $4, as fighting between the United States and Iran intensified, further disrupting oil flows through the Strait of Hormuz.

Shell selling 600 petrol stations in South Africa

Shell is nearing the sale of its fuel stations in South Africa to a unit of Abu Dhabi’s biggest oil company in a deal valued at about $1 billion (R16.3 billion), according to people familiar with the matter.