Analysts warn of 10% inflation and weaker growth across western economies as Ukraine crisis raises oil price to $99 a barrel
“The deterioration of the situation in Ukraine is adding to the risk of disruption to European gas supplies, putting further pressure on UK/European wholesale gas and power prices. Oil prices are also being affected, with growing expectation oil could shortly reach or exceed $100 a barrel.”
Jeremy Nicholson, Corporate Affairs Officer at Alfa Energy Group, speaks to The Guardian.
The full article can be found here: The Guardian