Posts by category: Economy

Argentina's lithium production surged by 56.7% in July 2024, highlighting the nation's growing role in the global lithium market. As demand for electric vehicle batteries and renewable energy technologies increases, the price of lithium is expected to rise significantly by 2027. However, this growth brings environmental concerns, particularly the impact on groundwater resources in drought-prone regions.

This article explores the influence of climate policies on the oil market. It delves into the industry's shift towards low-carbon energy sources, the changing role of OPEC, and how these dynamics impact oil prices. It also addresses the interplay between the dollar and oil prices. The analysis draws on insights from significant studies by economic experts.

In the latest pricing review by the Energy and Petroleum Regulatory Authority (EPRA), Kenya experiences a marginal reduction in the costs of petroleum products. Super petrol, diesel, and kerosene prices saw a decrease of Sh1, Sh1.20, and Sh1.30 respectively. This adjustment will be effective from 15th May to 14th June 2024 and reflects fluctuations in global prices and local currency value.