This week has been a real roller coaster for the oil market. Oil began the week at $115 per barrel for brent crude, spurred on by the continuing conflict between Russia and Ukraine.
Oil prices have seen a decline as fears of a U.S. recession and uncertainty over the Chinese economic recovery weighed on the outlook. Learn more with Fuelmate.
Oil prices fell sharply this week as soft economic readings and fears of rising interest rates pushed up uncertainty over a recovery in demand this year.
Brent crude is down 24% from June, now trading at $95 a barrel. This figure has dropped more than 30% since March. So, why are oil prices falling? Learn more.
It’s been a mixed week for oil prices as the worsening situation in China is offset by the embargo on Russian oil and OPEC’s December 4th meeting. Learn more here.
In November 2020, the UK government unveiled a 10-point plan for net zero carbon emissions by 2050. This plan outlines the key steps that the government will take to achieve the UK’s carbon neutrality target. Although the plan has been critiqued by some who feel the steps aren’t enough for the UK
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