The oil market is in 'backwardation' — Here’s what that means for energy prices
Oil prices have been rocked by volatility since the U.S.-Iran war began.
The oil market is in 'backwardation' — Here’s what that means for energy prices
Oil prices have been rocked by volatility since the U.S.-Iran war began. Grouped from 3 articles across 2 sources.
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Clustered coverageCNBC, The Guardian
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U.S. Postal Service seeks 8% fuel surcharge for package deliveries as Iran war raises oil prices
Oil prices have jumped more than 40% since Feb. 28, when the U.S. and Israel attacked Iran.
Australia prepares for oil prices above US$120 a barrel as diesel passes $3 a litre nationwide
Fuel stocks at same level as when US and Israel launched their war on Iran a month ago, energy minister says Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast The federal government is preparing for scenarios where global oil prices spike above US$120 a barrel, as diesel prices nationwide go past $3 a litre and the prime minister, Anthony Albanese, plans another national cabinet meeting to plan petrol supply. The treasurer, Jim Chalmers, said one option under consideration was expanding ethanol mandates across the country, after Guardian Australia revealed the government was analysing increasing the biofuel’s supply . Continue reading...
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