Thirty percent spike since June follows increasing demand in China and production cuts by Russia and Saudi Arabia
Oil prices are on track to reach $100 a barrel this month for the first time in 2023 after surging by almost 30% since June, after Russian and Saudi Arabian production cuts and rising demand from China.
Petrol and diesel prices in the UK have begun to rise modestly, adding 10p to the cost of a litre since June. The motoring organisation RAC said the average price of unleaded fuel was £1.52 per litre on Friday, up from £1.43 in June. Earlier this month, Saudi Arabia extended 1.3m barrels per day of combined cuts to the end of the year, accelerating a drawdown in global inventories.countries to push prices towards $100 a barrel.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Global backlash: Finding an Airbnb is top destinations is getting harderFrom New York City to Edinburgh to Melbourne, the global campaign against Airbnb is intensifying.
Read more »
Global backlash: Finding an Airbnb is top destinations is getting harderFrom New York City to Edinburgh to Melbourne, the global campaign against Airbnb is intensifying.
Read more »
Global backlash: Finding an Airbnb is top destinations is getting harderFrom New York City to Edinburgh to Melbourne, the global campaign against Airbnb is intensifying.
Read more »
Global backlash: Finding an Airbnb in top destinations is getting harderFrom New York City to Edinburgh to Melbourne, the global campaign against Airbnb is intensifying.
Read more »
Global backlash: Finding an Airbnb in top destinations is getting harderFrom New York City to Edinburgh to Melbourne, the global campaign against Airbnb is intensifying.
Read more »
Global backlash: Finding an Airbnb in top destinations is getting harderFrom New York City to Edinburgh to Melbourne, the global campaign against Airbnb is intensifying.
Read more »