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.”

LISTEN ABOVE.

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.” 
LISTEN ABOVE.

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Liam Dann: NZ Business editor-at-large on dropping oil prices and its effect on NZ economy

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/bdf32541-db52-4abb-9031-b1870079f8e1/transcript