Oil: why higher prices will complicate the energy transition
- Written by Jorge Guira, Associate Professor of Law and Finance, University of Reading
Oil and trouble. Pix OneThe oil price is on a rollercoaster. Having crashed into negative territory just last April, the price of Brent crude climbed all the way to US$70 (£50) earlier in March. It has since slid below US$64. So where is it heading and what are the implications?
There are several reasons why oil prices surged from their 2020...