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Fossil fuels

World news about “Fossil fuels” published by euronews.

12/12 15:16 CET

Oil prices at five-year low due to supply glut, so why isn’t petrol cheaper?

Oil prices at five-year low due to supply glut, so why isn’t petrol cheaper?

As oil prices slipped further on Friday, the International Energy Agency (IEA) said they are set to go even lower. Benchmark Brent crude was under $62 a barrel, having fallen close to nine percent just this week. The last time it was that cheap was in July 2009 - five and a…