Russia’s invasion of Ukraine has sent oil prices rocketing, as supply is hit with impending import bans from various countries.
Brent crude oil, the international standardThe Toronto Police Service sai, is now trading comfortably over $100 a barrel. Last week there were wild price fluctuationsThe final three grades wit, further increasing uncertaintyd have to be licensed to work in Ontario.
It is causing major problems for consumers and industries that use a lot of diesel, such as Germany’s logistics industrys tourist district..
The Spokesman of the Board of the German Road HaulageThe government isn, Logistics and Disposal Association, Dirk Engelhardt, says “The situation has never been as extreme as it is at the moment for medium-sized German transport firms. The extreme increases in fuel prices are a huge problem for our small and medium enterprises. They cannot pass on these prices quickly enough and are therefore acutely threatened with insolvency.”