Global oil shortage through 2027 exposes South Africa's fuel reserve and refinery gaps

A global oil and diesel shortage is projected to persist through 2027, with South Africa particularly exposed due to depleted strategic fuel reserves, decommissioned refineries, and an approaching gas supply cliff. The report highlights structural vulnerabilities in South Africa's energy security, though the exact severity and timeline of the shortage remain uncertain. This matters because it could drive energy price volatility and exacerbate economic strain in import-dependent emerging markets.

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