SA Has Just 13 Days of Fuel Reserves as Gulf Oil Supply Risks Rise: Anthea Jeffery

SA has just 13 days of fuel reserves as Gulf oil supply risks rise: Anthea Jeffery

South Africa’s strategic fuel reserve plan faces questions over corruption, infrastructure, state control and the cost of rebuilding oil stocks.

Crude errors: the government’s flawed strategic fuel reserve plan - Daily Friend

Two key events in the past week put Gulf oil supplies at increased risk and helped push the price of Brent crude back above $100 a barrel. The first was Saudi Arabia’s decision to shut down its East-West crude pipeline following a drone strike. The second was a sudden advance by Iran-aligned Houthi forces in Yemen, who swept south along the Red Sea coast, seizing towns and taking control of strategic islands inside the Bab al-Mandeb Strait. This…