Oil prices could shoot up to a record $185 per barrel if the European Union acts to impose a full immediate ban on imports of Russian oil, JPMorgan says
When will petrol prices start coming down? Will they ever come down? Apart from COE, these are the two foremost questions in the mind of motorists. Let us get straight to the point – and get the bad news over with: No. Based on what we know as of today, oil and petrol prices are going to remain high. Expect.
Russia’s invasion of Ukraine and the subsequent sanctions on Moscow are stoking fears of a potential supply shock that could compare with the 1973 Arab Oil Embargo
Brent crude hit $99.50 this week as the conflict between the Ukraine and Russia jolted the geopolitical risk premium, but several analysts now believe oil could move lower in the near term