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Event Brief

Analysts warn petrol prices could soar amid oil shocks

Analysts forecast demand destruction as crude oil prices may reach historical highs amid market shocks.
WHO: Analysts
WHAT: Analysts forecast demand destruction due to soaring crude oil prices and dwindling supplies.
WHEN: Apr 29, 2026 at 4:28 PM ET
WHERE: Location not specified
WHY: Unprecedented market shocks are cited as the driver of potential historical crude oil highs.
How this story developed (showing 2 of 2 earlier reports)
Sources (1): Daily Maverick

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