The oil market is in ‘backwardation’ — what it means for power costs
An Iranian safety employee displays an space in section 19 of the South Pars gasoline area in Assalooyeh, on Iran’s Persian Gulf coast, on Aug. 23, 2016. Morteza Nikoubazl | Nurphoto | Getty Images Oil costs have been gripped by volatility for the reason that U.S.-Iran warfare started almost 4 weeks in the past. But…
