×
App Icon
The Standard e-Paper
Stay Informed, Even Offline
★★★★ - on Play Store
Download App

Oil price and its effect on Kenya

The international prices of crude oil are dropping at an unprecedented speed. In six months, the price per barrel of Brent has dropped to below $50 per barrel.

Oil trading experts believe that this price at $50 might not be the bottom but rather the ceiling for the foreseeable future. The prediction is that the price of oil could drop to as low as the pre-1973 price levels where a barrel of oil cost $3.

Get Full Access for Ksh299/Week.
Bold Reporting Takes Time, Courage and Investment. Stand With Us.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in

Related Topics

crude oil fuel