Talk of $100 oil to send shudders through households

Irish Times | Sep 14, 2021 at 7:30 AM
  • Following a 50 per cent surge between January and early July as economies gradually reopened after the worst of Covid-19, oil prices have been fairly range-bound in recent months – notwithstanding a recent rally off their lows in the past few weeks as US production was hit when Hurricane Ida slammed the Gulf of Mexico.
  • The report, which came as a surprise to many analysts, who had largely expected Opec to lower its 2022 demand estimates, underscores how oil continues to keep the world turning.
  • Investment in renewable energy is soaring and sales of electric cars rise at pace.