Analyst says oil prices 'will remain elevated for quite some time'
Energy analysts warn that oil and refined fuel prices will remain elevated for quite some time, driven by lingering geopolitical tensions, severe structural damage to maritime choke points, and a massive bottleneck in global refining capacity. Even though crude prices have dipped to around $76 to $83 per barrel amid rumors of peace talks, experts emphasize that consumer-facing energy costs will not drop quickly.
Become a supporter of this podcast: https://www.spreaker.com/podcast/deep-insight--6597619/support.
Don't miss our episode. Follow us for update newsday for you, smart netizen.
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.