US EditionEnergy Secretary Predicts Energy Prices May Rise, Hit Peak in 'Next Few Weeks'
14 Articles
14 Articles
US Energy Secretary Warns of Oil Price Surge Until Shipping Resumes in Strait of Hormuz
Energy Secretary Chris Wright warned of a surge in the price of oil and energy over the coming days if shipping in the disputed Strait of Hormuz doesn’t resume. “We’re going to see energy prices high—and maybe even rising—until we get meaningful ship traffic through the Strait of Hormuz,” Wright said at the Semafor World Economy conference in Washington on April 13. He added that “that’ll probably hit the peak oil price at that time,” which will…
Energy secretary predicts energy prices may rise, hit peak in 'next few weeks'
Energy Secretary Chris Wright said Monday that he expects gasoline prices to peak in the next few weeks. “We're going to see energy prices high and maybe even rising until we get... meaningful ship traffic through the Straits of Hormuz," Wright said during Semafor’s World Economy event in Washington, D.C. "That'll probably hit the peak oil price...
The US has acknowledged the political risks of war. When will fuel prices peak? US Energy Secretary Chris Wright stated that global oil prices will likely peak in the next few weeks, after shipping through the Strait of Hormuz resumes. This was reported by RBC-Ukraine, citing Reuters. Read also: Russia's largest Black Sea port operates with restrictions after Ukrainian attacks, according to Bloomberg US Energy Secretary's forecast: Speaking at t…
Oil prices are likely to peak in "the next few weeks", once a flow of ships is restored across the Strait of Ormuz, US Energy Secretary Chris Wright said Monday, on Monday, he will...
Oil prices likely to peak in coming weeks - US Energy Secretary US Energy Secretary Chris Wright predicts prices will rise before shipping through the Strait of Hormuz resumes. Iran continues to block a vital route.
United States (US) Energy Secretary Chris Wright said that oil prices could peak in the coming weeks due to shipping disruptions in the Strait of Hormuz.
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