The key drivers putting oil prices on an upward trajectory | ABC NEWS
Community Score: 50% | 33.1K views | 1w
0 community ratings: null thumbs up, null thumbs down
The war between Russia and Ukraine, Iranian strikes on shipping in the Strait of Hormuz and escalating attacks by the Houthis on Saudi targets is impacting supply and pushing oil prices up. Head of Energy Research from MST Financial Saul Kavonic says those conflicts are in an 'escalatory phase' and the global energy shock will be amplified as demand for oil and gas becomes higher during the northern hemisphere winter. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/topic/oil-and-gas Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia
Tags: Australia, abc, abc news, news, russia, ukraine war, middle east war, oil price, oil prices, middle east news, saul kavonic
More from ABC News (Australia)
- The biggest market sell-off since 'Liberation Day' | The Business | ABC NEWS — Score: 50%
- Designer Katie Perry wins trademark case against pop star | ABC NEWS — Score: 50%
- A look around the NT as residents deal with flooding emergency | ABC NEWS — Score: 50%
- Bundaberg homes inundated after Burnett River peaks | ABC News — Score: 50%
- Reindeer races in Finland draw international crowds | The World | ABC NEWS — Score: 50%
- Grave fears for Iranian footballers after Australia asylum saga | The World | ABC News — Score: 50%