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Oil Supply Challenges: Impact on Global Economy and Transportation

Bisnis.comJAKARTA — Market oil The world is facing tight supplies towards the end of the year which usually sees a surge in demand.

The world’s oil refineries have proven powerless to produce fuel in sufficient quantities, thus opening up opportunities for new inflation and depriving the economy of the fuel that can power industry and transportation.

Although oil futures prices skyrocketed to around US$95 per barrel in London last weekend, the increase was not comparable to the spike in diesel prices.

2023-09-18 01:00:00
#Threat #World #Oil #Supply

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