According to BP, rapid growth in demand for all forms of energy dominated world energy markets last year, leading to rising prices. While growth in demand from China in particular was exceptional, BP said the strength of demand growth was a global phenomenon, increasing above the 10-year trend in every region of the world.
Price of petroleum
What goes up must come down, unless of course you’re talking about the price of crude oil. Last month, oil topped $55 a barrel after an April report from Goldman Sachs warned of a possible “super spike” period during which the price of oil could surge to as much as $105 a barrel.
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