Heather du Plessis-Allan DriveLiam Dann: NZ Business editor-at-large on dropping oil prices and its effect on NZ economy
Good news for motorists: the price of oil has gone down around 7 percent in the last week.
The Brent Crude oil price dropped below US$80 a barrel at the weekend, after OPEC+ came to a deal to extend voluntary production cuts.
NZ Business editor-at-large, Liam Dann told Jack Tame “That’s good news for motorists – and good news on the inflation fight.”
Dann said “We want to see renewable energy – but everything in the economy is underpinned by the price of oil.”
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