Thursday, May 22, 2008
Egypt - the most populous Arab country - has just raised petrol prices by 40pc. Rumours swept China yesterday that Beijing was preparing to lift fuel prices. While the Chinese government is unlikely to risk protests in the lead up to the Olympics, the jit
TELEGRAPH UK: Oil's perfect storm may blow over
Almost all emerging nations have to slam on the brakes in coming months to curb inflation before it starts spiralling out of control. Inflation has hit 30pc in Ukraine, 22pc in Vietnam, 8.5pc in China, and double digits across most of the Gulf.
The countries that account for the most of the growth in oil demand over the last two years are almost all nearing the limits of easy economic growth. Read
Posted by chris @ 08:11 PM (133 views) Add Comment
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