Oil and gas prices are susceptible to economic and geopolitical conditions. And any shift in supply or demand can affect the price we pay at the pump for our daily consumption.
The plunging prices of oil and gas are driven by falling demand amid fears of a global recession, lockdowns in China, and the effects of soaring interest rates in the United States. Amid the slumping prices, OPEC plus announced its plans to opt against cutting production further.
