business

Where is crude headed?

With constant tension in Iran and the Strait of Hormuz, there is a constant upward rise in the crude oil prices says Simon Wardell, senior oil analyst of IHS CERA. Though Japan and Korea have lessened their import of Iranian oil, it still weighs as a huge factor to affect the Asian growth and thus the global growth of the world in general.

first published: Feb 27, 2012 02:01 pm