The indefatigable rise of petrol prices

Financial Times LogoFinancial Times1 mo ago

The indefatigable rise of petrol prices

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The SPR release and an optimistic supply outlook lead Rystad to predict crude exports will reach 4.2mn barrels by the same time next year.

Biden campaigned on an aggressive climate change platform, vowing to drive a “transition” away from fossil fuels and spark a clean energy revolution.

It brings us to charges from governments that oil companies are pocketing huge windfall profits from soaring fuel prices while failing to make investments needed to lift supply.

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Article Details

Author / Journalist: Amanda Chu

Category: MarketsFinanceInvesting

Topics: Crude Energy Prices Biden Supply Exports Fuel Pump President

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-28, 11:00:24

News Timezone: GMT -5:00

News Source URL:

Language: English

Reading Time: 9 minutes read

Article Length: 1559 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 18281

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About Financial Times

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Year Established: 1888

Headquarters: United States

News Last Updated: 13h ago

Coverage Areas: United States

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