Riding the oil roller-coaster — how high will petrol prices soar this time?
Daily Maverick | 30.04.2026 03:28
In normal times, cutting the global oil supply by 1% translates to a 6% increase in the price of a barrel of oil. The current disruption is different. Right now — well, actually as of a couple weeks ago, according to the World Bank experts and their April commodity markets outlook special focus on oil — that translation is working out to 11.5%.
