Heating Costs Will Rise 7% on Average This Winter
People who use heating oil will see increases of around 70 percent because the war in Iran has greatly reduced supply of that fuel.
People who use heating oil will see increases of around 70 percent because the war in Iran has greatly reduced supply of that fuel.
Hezbollah’s conflict with Israel and the U.S.-Israel war with Iran have made systemic problems worse, causing the cost of living to soar and driving many Lebanese to despair.
Energy market developments continue to be shaped by the conflict in the Middle East. Global refinery runs have fallen significantly compared to previous years, driven by reduced refinery activity in the Middle East, Russia and Asia. The constrained supply of crude oil and refined products has led to a persistent global increase in refining margins and costs, particularly for diesel.
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