Fast and chaotic urban population growth combined with climate challenges on multiple fronts are putting cities at risk around the world.
Renewed violence raises fears of a new wave of conflict in Libya, which has remained in a political stalemate since the ousting of former dictator Gaddafi in 2011.
The oil market has entered choppy waters once again. Crude prices fell by a dramatic 18% in April y/y – the sharpest monthly drop since November 2021 – partly due to a global slowdown, but more due to a power struggle within OPEC+.
Oil production plays an important role in the economy of many African countries. The chart shows oil rents as a percentage of gross domestic product (GDP) for the nine African nations most reliant on it, Our World in Data reports.
The declaration of force majeure at Libya’s Zawiya Refinery by Libya’s National Oil Corporation on December 15 has put plans to boost crude production in doubt and raised concerns over NOC's ability to meet its oil export obligations.