Escalating oil prices sow confusion on contracts
28 August 2012
Purchasers are being given conflicting advice about how to handle escalating oil prices.
Energy management consultant John Hall Associates (JHA) has predicted prices will continue to increase over the next three years and is advising purchasers to act now to reduce future risk.
The company says fuel buyers should extend their existing fixed-price contracts for the next 12-18 months.
“High oil prices are here to stay,” said Stephen Barraclough...