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FleetPoint 09/19/2019 04:23
Following the recent attacks on a refinery in Saudi Arabia, the cost of fuel is likely to rise. Loss of production is a major factor in the price of a barrel of oil – the simple application of supply and demand. However, when it comes to the price of fuel, other factors play their part. Firstly, oil is traded in dollars, so when the pound fluctuates against the dollar, this can have a knock-on effect on the price we pay for a barrel of oil. Secondly, the way a barrel of oil is refined can add further costs. Fractional distillation […]

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