The key drivers putting oil prices on an upward trajectory | ABC NEWS
The war between Russia and Ukraine, Iranian strikes on shipping in the Strait of Hormuz and escalating attacks by the Houthis on Saudi targets is impacting supply and pushing oil prices up.
Head of Energy Research from MST Financial Saul Kavonic says those conflicts are in an ‘escalatory phase’ and the global energy shock will be amplified as demand for oil and gas becomes higher during the northern hemisphere winter.
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