# Morocco faces MAD 50 billion energy import shock as AfDB warns of widening deficits

> The African Development Bank warned that Morocco could face an extra MAD 40-50 billion in energy imports in 2026 as Middle East tensions push up fuel and commodity prices. The bank also flagged declining phosphate export revenues and a widening trade deficit that reached MAD 244.7 billion.

- Date: 2026-11-12 · published 2026-11-12T18:11:25.278Z
- Category: macro · region Morocco · magnitude low
- Page: https://feedsoft.ai/events/95881-morocco-faces-mad-50-billion-energy-import-shock-as-afdb-warns-of-widening
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Higher energy and sulfur costs squeeze Moroccan phosphate processing margins, which can curb DAP and fertilizer supply and support fertilizer prices that feed into livestock feed costs.

## Read by commodity

- DAP: bullish ▲
- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-01-26 | [Oil market faces rocky road as shock absorbers wear thin \| Reuters](https://feedsoft.ai/events/43300-oil-market-faces-rocky-road-as-shock-absorbers-wear-thin-reuters.md) | +2.3% | +6.8% |
| WTI | 2021-09-24 | [Worldwide energy shortage shows up in surging coal, gas and oil prices: Kemp](https://feedsoft.ai/events/7927-worldwide-energy-shortage-shows-up-in-surging-coal-gas-and-oil-prices-kemp.md) | +2.4% | +12.5% |
| WTI | 2026-09-11 | [Dollar holds gains, yen slips as Mideast energy shock deepens \| Reuters](https://feedsoft.ai/events/17643-dollar-holds-gains-yen-slips-as-mideast-energy-shock-deepens-reuters.md) | -0.4% | -7.0% |
| WTI | 2026-03-06 | [Palm oil prices rise 4% as higher energy costs lift biofuel spread margins \| S&P Global](https://feedsoft.ai/events/20269-palm-oil-prices-rise-4-as-higher-energy-costs-lift-biofuel-spread-margins-s-and.md) | +18.2% | +39.2% |
| WTI | 2021-10-15 | [Oil prices rise to three-year high on back of supply deficit forecasts](https://feedsoft.ai/events/44716-oil-prices-rise-to-three-year-high-on-back-of-supply-deficit-forecasts.md) | +1.5% | +0.1% |
| BRENT | 2026-07-01 | [Rupiah Nears Rp 18,000 as OECD Deficit Warning, Iran Tensions Rattle Markets](https://feedsoft.ai/events/19108-rupiah-nears-rp-18-000-as-oecd-deficit-warning-iran-tensions-rattle-markets.md) | +1.1% | +42.2% |
| BRENT | 2022-01-26 | [Oil market faces rocky road as shock absorbers wear thin \| Reuters](https://feedsoft.ai/events/43300-oil-market-faces-rocky-road-as-shock-absorbers-wear-thin-reuters.md) | +1.0% | +10.1% |
| BRENT | 2026-04-01 | [Euro-Zone Inflation Jumps Most Since 2022 as War Drives Energy](https://feedsoft.ai/events/20370-euro-zone-inflation-jumps-most-since-2022-as-war-drives-energy.md) | -12.2% | -1.1% |

## Sources

- en.hespress.com: https://en.hespress.com/149034-morocco-faces-mad-50-billion-energy-import-shock-as-afdb-warns-of-widening-deficits.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.