Tipping the balance of power
13 September 2012
A combination of rising oil prices, terrorism and Opec's underwhelming increase in production form a worrying backdrop for the next round of energy contracts. Sam Fortescue asks how buyers can react
The global economy is fidgeting nervously as crude oil prices climb to new highs on the back of supply concerns, prompting furious speculation from red-faced traders.
If things continue like this, some commentators are saying privately, £1/litre for fuel at the pumps will look like a good deal, businesses will be pushing up their charges to cover the cost of energy and...