The cost of fuel and it's impact on society

Hundreds of workers on Norwegian offshore oil and gas rigs went on strike today after rejecting a proposed wage deal, leading to the shutdown of one Shell-operated oilfield and helping to send Brent crude prices higher. Shortly after a midnight deadline passed, a state-appointed mediator said talks between two trade unions were taking place. US oil prices today have risen due to a concern over potential short supply, however the US president Donald Trump threatened to reduce oil exports from the world’s biggest producer, Iran, due to the fact they resist other big producers to pump more oil. In response to this, Saudi Arabia's King Salman has agreed to Trump’s request to increase oil output "maybe up to" two million barrels.To look at how the oil price works internationally and how it affects me and you we are joined by: • Lukman Otunuga, Research Analyst at FXT • Dawie Roodt, chief economist at Efficient Group, • Layton Beard, spokesperson of Automobile Association,