Oil Prices – set for further change?
November 2018 saw global oil prices down by 20% or so – the biggest monthly slide in more than 10 years. Cornelia Meyer, chief executive of Meyer Resources, told the Today Programme that “a month ago everyone was pumping oil as hard as they could because of worries about the Iran sanctions but then there […]
Will we have another oil crisis?
Again we are seeing the global oil market in the headlines following the oil prices peak for 2018 according to The Week. Oil prices have fluctuated massively over the past four years and looks like it will continue to do so. This all has significant impact on the markets both for the economy and politically. […]
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Fuel Prices Help Drive Inflation to Record Low
The Office for National Statistics (ONS) have released the news that inflation has fallen from 0.5% (December 2014) to 0.3% and is at its lowest since 1960. But why? The news comes as a result of continuously decreasing fuel prices throughout the year so far, leading to a supermarket fuel war following the reductions in global […]