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March 23, 2026
2h ago

Concern for Kenya as Saudi Arabia Cuts oil Supply to Some Countries

Concern for Kenya as Saudi Arabia Cuts oil Supply to Some Countries

Kenya has a G-to-G deal with Saudi Arabia's Aramco that runs till 2027; however, it is uncertain if this deal will cushion Kenya from the threatening oil price rise, a product of the Middle East tension...

✨ Key Highlights

Kenya may soon face fuel pump price increases due to Saudi Arabia's decision to cut crude oil deliveries to key Asian nations for a second consecutive month, impacting refined fuel re-exports to Africa.

  • Saudi Aramco has reduced crude oil supplies to UAE, China, India, South Korea, and Southeast Asia for April 2026.
  • India will receive over 3 million fewer barrels, affecting refined product availability for African markets.
  • Despite hoarding concerns, the Principal Secretary for Petroleum, Mohamed Liban, stated that Kenya has sufficient petrol reserves, blaming speculation for perceived shortages.

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