Crude estimates (Oil prices)
The price of oil has soared to a new high, hasn't it? A CASUAL observer might be forgiven for thinking that the oil price reached a new record, of $115.07 a barrel, on April 16th. And so it did, in nominal terms. But by other measures, oil is not quite as expensive as it seems. That, in turn, may go some way towards explaining why demand for oil continues to rise in many countries, despite prices that would have been unimaginable just a few years ago.
Related Content
- Central Africa economic outlook 2023
- Africa's pulse, April 2019: an analysis of issues shaping Africa’s economic future
- Climate change and renewable energy generation in Africa
- Effect of government subsidies for upstream oil infrastructure on U.S. oil production and global CO2 emissions
- Centre for Science and Environment International Workshop Series on Transport and Climate
- Diesel subsidy for 2013-14 could be capped at Rs 6/litre