THE The price of Brent crude, the international benchmark for oil, is trading at its lowest this year at just under $80. This is only the second time in 2022 that it has fallen to such levels, and it marks a notable decline from the all-time high of $147 recorded in March following the Russian invasion of Ukraine.
And this comes amid a rather unprecedented reshaping of the global oil market – with an EU ban on sea transport of oil from…
