The price of oil, like other fossil fuels, has been on the rise for a while. This increase causes concerns at the level of logistics chains in several countries.
Indeed, energy markets have remained the focus of attention as a volatile factor, as the price of a barrel of oil has surpassed $ 80 for the first time in about three years.
England takes the brunt of the rise
Rising prices have sparked a crisis in Britain where disruption in fuel supplies has forced the government to call in the military as long lines at gas stations enter their fourth day.
Up to 150 military tanker drivers will prepare to deliver to gas stations that are dry due to panic buying.
Earlier this week, the gasoline crisis forced the UK government to suspend competition law through the Downstream Oil Protocol, to help Oil Company’s work together to deliver fuel to service stations dried up.
The protocol would help fuel producers, suppliers, carriers and retailers prioritize fuel delivery to parts of the country and strategic locations that need it most.
According to AJ Bell, the shortage has caused chaos for consumers, but has made producers happy. "While energy shortages are likely to have a negative impact on economic growth, the strength of the oil price has been good news for Royal Dutch Shell (AS: RDSa) and BP (LON: BP)".
Saisi
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