more news briefings
Oil Price Rise Again
Wednesday 16th March 2011 (12:48 GMT)
World events are causing a very volatile oil market. Yesterday prices were down as fears for Japan's economy grew.
Markets were concerned that exclusion zones around earthquake / tsunami damaged nuclear plants could grow much larger, further disrupting the already rocked Japanese economy. Today, the risk of nuclear contamination looks to have peaked.
Japan will use less oil in the short term. Long term, they may use even more than normal to fill the energy gap from reduction of nuclear generated electricity.
This future possible rise in demand from the worlds 3rd biggest oil consumer and continued Middle East conflicts have seen prices rise again.
more news briefs
More on the above:-
| Can't find what you're looking for? Try a search:-
|
|
| 
