NewsDialy
Several developing countries were forced to ration fuel during a Middle East conflict, rationing meaning the government limits how much energy consumers can buy when domestic supplies fall short of demand.
Now India and South Africa are leading a broader push among that group to build or expand emergency reserves, the government-held stockpiles kept outside the commercial supply chain to absorb the next disruption.
Why the shortage hit developing nations harder Countries with well-stocked official petroleum reserves had a practical cushion when the Middle East conflict disrupted supply.
They could draw down those reserves to keep fuel flowing while waiting for markets to stabilize.
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