WASHINGTON DC, July 17 (IPS) – The largest disruption to the global oil market in decades should have sent prices soaring. But after spiking at the start of the war in the Middle East, crude prices soon settled in a range of $90 to $100 per barrel, much lower than many had feared. Why didn’t prices climb higher? The answer is that a combination of factors helped cushion the initial blow. But much of that room has now been used up.
About The Author
You may also like
-
Uganda’s UN-supported wildlife forensics lab turns ivory seizures into convictions
-
Renewables, Farmer Aggregation Offer Solutions to Africa’s Post-Harvest Losses
-
SUDAN: ‘It’s Shocking to Be Forced into Silence Simply Because You Are a Refugee’
-
The Ingenuity Trap
-
Caring for Carers: Addressing Workplace Violence Against Nurses in Malaysia