Oil producers in the Middle East are worried that high prices will push more people to buy EVs, Iraqi oil minister says - Business Insider Australia
3/11/2022 12:00:00 AM3 years 11 months ago
by Sarah Jackson
by Sarah Jackson
Oil prices are climbing due to Russia's invasion of Ukraine, which has prompted a ban of Russian energy by the US that could lead to higher gas prices.
As the price of oil surges, some of its biggest producers are worried consumers will turn to electric vehicles instead. Iraq's oil minister, Ihsan Abdul Jabbar, told The New York Times on Wednesday … [+1182 chars]
full article...