Changes in global oil market likely to influence petrol price drop - economist

📆 23/06/2023 13:46:00
📰 ewnupdates

⏱ Reading Time:
16 sec. here
2 min. at publisher
📊 Quality Score:
News: 10%
Publisher: 53%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Leading local economist, Dawie Roodt said that he suspects that a lot of Russian oil actually entered the market that we are not aware of.

JOHANNESBURG - With another small petrol price drop predicted for next month there are suspicions among some economists that this may be caused by more oil entering the global market undetected.READ: AA predicts significant fuel price decreases coming in June

Economist Dawie Roodt said that he suspects that a lot of Russian oil actually entered the market that we are not aware of. "Keeping in mind that there is a cap on how much you are allowed to pay for Russian oil as well, so that in a way forces the international oil petrol price lower as well."

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MSCI keeps eye on Nigeria market classification after recent FX changesMSCI will continue to consult with financial market participants on a potential reclassification of Nigeria to standalone market from frontier market after recent changes to foreign exchange trading, the index provider said on Thursday.
Source: ReutersAfrica - 🏆 31. / 53 Read more »