Africa is going through its worst supply crisis in forty years. Fuel traders generally use financial markets to try to lessen the risk of price fluctuations when they're buying fuel. For african importers, who are often smaller than those in rich regions, they've got smaller balance sheets,. And as a result of them, just import less fuel d there's a second complexity in all f this: The price for deliveries of oil at a future date for which there's a regular market has fallen far below that of deliveries of fuel for immediate delivery.
POLLS SUGGEST // Polls suggest the country might get its first-ever leftist leader. Whatever the outcome, a fresh outbreak of violent protest may await. Africa’s increasingly crippling fuel shortages can be blamed on more than just higher prices. And reflecting on the life of Lawrence MacEwen, laird of a tiny Scottish island whose austere simplicity he fought to preserve.
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