G-2-G Fuel Supplier Warns of Catastrophic Consequences Days Ahead EPRA Review
Saudi Aramco warns Middle East conflict could trigger catastrophic oil market fallout, raising concerns over Kenya’s fuel supply ahead of the Energy and Petroleum Regulatory Authority price review...
✨ Key Highlights
Saudi oil giant Saudi Aramco has warned of potentially catastrophic consequences for global oil markets due to ongoing disruptions affecting shipments through the Strait of Hormuz, just days before Kenya's fuel price review.
- Global crude inventories are at a five-year low, risking accelerated depletion if disruptions continue.
- Key entities involved include Saudi Aramco, the Energy and Petroleum Regulatory Authority (EPRA), and Kenya's government fuel suppliers.
- The Strait of Hormuz handles approximately 20 per cent of global oil shipments daily, and escalating tensions in the Middle East threaten this vital corridor.
Continue Reading
Read the complete article from Kenyans
Part of the Day's Coverage
CS Wandayi Calls for Emergency Meeting Amid Concerns of Fuel Shortage - March 2026
Kenya's Cabinet Secretary for Energy and Petroleum, Opiyo Wandayi, has called an emergency meeting with oil marketers following concerns about a potential fuel shortage. Saudi oil giant Saudi Aramco has warned of potentially catastrophic consequences for global oil markets due to ongoing disruptions affecting shipments through the Strait of Hormuz, just days before Kenya's fuel price review. Kenya's manufacturing sector faces potential price hikes for manufactured goods due to significant disruptions in maritime transport, leaving over 600 vessels bound for the country stranded at sea. Kiharu MP Ndindi Nyoro has appealed to the Energy and Petroleum Regulatory Authority (EPRA) to maintain current fuel prices in Kenya despite a surge in global oil costs due to the Middle East crisis.
