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 Impact of natural disasters on fuel prices cannot be denied. As we can take the example 2005 Hurricane Katrina in America resulted in 40cents overnight increase in the fuel prices. Several offshore oil piers and Gulf Coast refineries badly damaged and shut down in result of Hurricane Katrina for several months.

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Energy markets have emerged as a fast trading platform in recent years. Hence, more the larger bank larger is their commodity trading desks. Most of the investors nowadays have moved into the market to trade future pacts upon oil prices. Even banks have developed.

Moreover, in most of the countries the fuel price is cited in terms of U.S dollars, i.e. exporters claim higher prices to reimburse for the devalued currency, when the dollar is weak against other global currencies.

These are given some of the few causes, which affect the fuel prices directly or indirectly worldwide. The rise or fall in fuel prices influences the whole global economy. Because most of the industrial projects largely depend upon the availability of the fuel.

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