UN WARNS VULNERABLE ECONOMIES FACE $20BN SURGE IN OIL IMPORT COSTS AS IEA FLAGS JULY–AUGUST ‘RED ZONE’
The United Nations has warned that vulnerable economies are facing a sharp rise in energy costs, with global oil import bills increasing by an estimated $20 billion annually, as inflationary pressures and fuel price instability continue to strain developing countries. The warning comes amid parallel concerns from the International Energy Agency IEAwhich has flagged a […]
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