The oil price is up by more than 40 per cent since the start of the year. It is being driven up by the Russian invasion of Ukraine, the lack of investment in oil and turning the world economy on and off again: US production is still not back to pre-pandemic levels.
Already a subscriber? Log in
Black Friday sale
Subscribe today and get 10 weeks of The Spectator Australia for just $1
- Unlimited access to spectator.com.au and app
- The weekly edition on the Spectator Australia app
- Spectator podcasts and newsletters
- Full access to spectator.co.uk
Or
Comments
Black Friday sale
Subscribe today and get 10 weeks of The Spectator Australia for just $1
SUBSCRIBEAlready a subscriber? Log in