The refinery between Germany and an oil embargo

For decades, crude oil piped from Russia has flowed into a giant refinery in Schwedt industrial city on the banks of the River Oder in Germany, providing jobs for thousands of workers and a reliable source of gasoline, jet fuel and heating oil for Berlin residents. Now, while the member states of the European Union […]

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Banks send price hike warning to South Africa

After two years of blockade restrictions, the war in Ukraine and the return of a higher inflationary environment, the chickens appear to have returned home, Absa analysts say. Citing consumer spending data, the bank noted that economic pressure on consumers appears to be increasing. “Further pressure in terms of rising fuel prices and consequent increased […]

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