How high will oil prices go? | Inside Story
As the Russian invasion of Ukraine enters its second week, crude oil prices have risen to levels not seen in a decade. Despite the rise in prices, OPEC and other oil-producing countries said they are sticking with their plan to gradually increase oil production The price of crude oil is expected to hit more than 120 dollars a barrel this weekend . The increase is already causing long queues at the pumps in some regions of the world. So how will governments deal with this energy crisis? Presenter: Hazem Sika Guests: Alex Schindelar – President of Energy Intelligence and Former Editor of Petroleum Intelligence Weekly. Bjarne Schieldrop – Specialist on European Energy Politics. Ben Cahill – Senior Fellow at the Energy Security and Climate Change Program at the Center for Strategic and International Studies. – Follow us on Twitter: https://twitter.com/AJEnglish/ – Find us on Facebook: https://www.facebook.com/aljazeera/ – Check our website: https://www.aljazeera.com/ #Oil #Russia #Ukraine
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