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Rising oil prices: 4 areas where S'poreans can be affected
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Petrol prices have gone up by between five and 10 cents since Jan 31, according to petrol and diesel price tracker Fuel Kaki.
ST PHOTO: BENJAMIN SEETOR
DeeperDive is a beta AI feature. Refer to full articles for the facts.
SINGAPORE - Oil prices are on the rise as fears mount over a possible invasion of Ukraine by top oil producer Russia, with Brent crude oil surging past US$90 a barrel on Monday (Feb 14).
A Ukraine invasion could trigger US and European sanctions, which would disrupt oil exports from Russia and add pressure to prices at a time when the Organisation of the Petroleum Exporting Countries (Opec) and its allies are struggling to meet their output targets.
