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Country risk, from the local press

Morocco · Country watch

Oil Prices Surge, Taxi Protests, Weather Alerts

Rising oil prices impact costs, taxi drivers protest fuel prices, and severe weather alerts issued in Morocco.

· · 12 sources

The picture Deteriorating

Business conditions in Morocco are deteriorating due to rising oil prices, ongoing taxi protests over fuel costs, and severe weather alerts affecting multiple provinces.

In this briefing Casablanca · Mohamed VI Avenue · Moroccan Directorate of Meteorology · Brent Crude · Strait of Hormuz

Regulation

Nothing significant reported today.

Disruption

Nothing significant reported today.

Internal tension

  • logistics

Taxi Drivers Protest High Fuel Prices in Casablanca

Casablanca Finance City seen from Eurostars Casa Anfa rooftop in Beauséjour district
Casablanca Finance City seen from Eurostars Casa Anfa rooftop in Beauséjour district Chah.salah, CC0 via Wikimedia Commons

Taxi drivers in Casablanca staged another protest on Mohamed VI Avenue against the soaring fuel prices, which have reached record levels. The protestors expressed their dissatisfaction with the rising costs impacting their sector, according to Alyaoum24. This demonstration follows a series of similar protests in recent days, highlighting the ongoing struggle faced by taxi operators due to increasing operational expenses.

Impact Taxi operators and commuters in Casablanca face disruptions as protests over fuel costs continue.

Sources: Alyaoum24 ↗

Safety & health

  • public-sector

Severe Weather Alerts Issued Across Multiple Provinces

The Moroccan Directorate of Meteorology has issued severe weather alerts for Thursday, warning of thunderstorms accompanied by hail and strong winds in several provinces. Yabiladi.com reports that these weather conditions are expected to impact local communities and infrastructure, potentially causing disruptions in daily activities and travel.

Impact Residents and businesses in affected provinces must prepare for potential disruptions due to severe weather conditions.

Sources: yabiladi.com ↗

Companies

Nothing significant reported today.

Markets

  • energy

Oil Prices Rise on Middle East Supply Concerns

Oil prices increased significantly on Thursday due to heightened concerns over supply disruptions from the Middle East. This follows recent incidents affecting maritime navigation in the Strait of Hormuz and fears of renewed US-Iran tensions. Brent crude oil for December delivery rose by 4.07%, reaching $104.28 per barrel, according to Hespress. The potential for further geopolitical instability continues to drive market volatility.

Impact Energy importers face higher costs as oil prices rise sharply, affecting logistics and transportation expenses.

Sources: Hespress ↗

Trade

Nothing significant reported today.

Politics

Nothing significant reported today.

Also today in Morocco

Sources in this briefing

Sources: each headline links to the original article on the publisher's site.

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