The French naval forces carried out an operation on Thursday to board the Grinch, a tanker coming from Russia. The vessel is suspected of being part of the "ghost fleet" that is trying to circumvent the international sanctions related to the conflict in Ukraine.
In Morocco, fuel prices have recorded a third consecutive decline since August 19th last, thanks to the downward trend in global oil prices.
In the absence of a rapid and effective response from the competent authorities, the National Association of Owners, Merchants and Managers of Service Stations has decided to wage a relentless struggle against the parallel fuel market. To make themselves heard, they are planning a national strike in particular.
Rich in natural gas, Morocco’s subsoil continues to attract international companies specializing in oil and gas exploration.
In Morocco, the decrease in fuel prices is modest despite the clear easing of oil prices on the international market.
While oil prices have seen a sharp decline since April 3, Moroccan motorists will only see a slight decrease at the pump.
In Morocco, the controversy over fuel prices is escalating. Industry professionals believe that these prices remain abnormally high, despite the significant drop in international prices.
The oil and gas company Predator Oil & Gas, holder of the onshore oil and gas exploration license in northeastern Morocco, publishes the preliminary results of the drilling work on the MOU-5 well in Tendrara, started on March 3.
José Miguel Barragán, spokesperson for the group of deputies in the local Parliament of the Canarian Coalition (CC) formation, which chairs the regional autonomous government, sees the agreement between Morocco and an Israeli company for oil and gas exploration in the Moroccan Sahara in a negative light.
After a few days of increase, diesel prices are experiencing a slight drop. As for gasoline prices, they have remained stable, in accordance with the recent update of fuel prices in Morocco.
In Morocco, fuel distributors made huge profits between the second and third quarters of 2024 to the dismay of motorists.
In Morocco, fuel prices are rising again, after a short period of stability. The weakness of strategic stocks would be the cause of this situation.