UK Business

'I'm surprised the oil price hasn't hit US$130 a barrel yet' – energy trading expert Q&A

Written by Adi Imsirovic, Senior Research Fellow, Oxford Institute for Energy Studies, University of Surrey

Energy prices shot up after Russian President Vladimir Putin shocked the world by ordering a full-scale invasion of Ukraine. Oil is trading over US$100 (£75) a barrel for the first time since 2014 and natural gas prices jumped back towards the highs of late last year, although both eased a little the day after the invasion.

With consumers and...

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