World News@lemmy.worldEnglish · 1 year ago

Global inflation fears as oil price rises towards $100 a barrel

www.theguardian.com

cross-posted to:
worldnews@lemmit.online

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Global inflation fears as oil price rises towards $100 a barrel

www.theguardian.com

alphacyberranger@sh.itjust.works to

World News@lemmy.worldEnglish · 1 year ago

cross-posted to:
worldnews@lemmit.online

Rise of 30% since June follows increasing demand in China and production cuts by Russia and Saudi Arabia

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Uranium3006@kbin.social
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1 year ago
They’re cashing out. They know the jig is up and they’re not investing in new wells like they used to and are justenjoying the higher profit margin on the existing wells.

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