Oil and gas prices have risen dramatically this year as a result of underinvestment and recovering demand. Higher fuel prices are weighing on global food supply chains, with transportation and farming costs continuing to climb. The hardest hit will, once again, be those living in developing economies that are still struggling to recover from the impact of the pandemic. The potential for a knock-on effect of rising fuel prices to be felt by other industries is becoming more likely, as oil and gas prices continue to rise to an all-time high, companies are finding it hard to maintain their costs and may have to shift this burden to the consumer any day now. Petrol prices have risen higher and higher this year, as oil makes a comeback in 2021 following a difficult year of pandemic restrictions and low demand. This has, of course, been aided by the OPEC+ curbs […]