Higher oil prices could spur adoption of EVs
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
WHAT a difference 2 years make.
As the pandemic spread across the globe in March 2020 and nation-wide lockdowns decimated demand, oil prices briefly plunged below US$0 a barrel (bbl).
Fast forward to the present day and oil prices have skyrocketed to levels last seen in 2008, following Russia's invasion of Ukraine.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
