Rising Energy Costs Keep Pressure on Transport and Goods Prices, Economist Says

Record increases in energy prices are continuing to put pressure on the cost of transport and goods, according to economist and oil affairs specialist Amer al-Shobaki.

Al-Shobaki pointed to Brent crude exceeding $100 a barrel as an indication of the sharp rise in energy prices.

The pressure extends beyond the oil market, with higher energy costs affecting the expense of moving goods and operating transport services.

Energy prices also feed into the wider cost of supplying goods. Al-Shobaki’s assessment highlights how rising oil costs can place further strain on prices across the economy.