‘Oil suppliers should not manipulate prices’ – Brady

Sinn Féin MP Mickey Brady said oil suppliers should not be denied access to oil in an effort to manipulate prices.

The Newry/Armagh MP said, “It’s my understanding that a local oil company were refused access to oil supplies in Belfast and told to come back tomorrow.

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“It’s believed that the company were denied oil to pass on a price hike resulting from ongoing attacks in Saudi Arabia.

“This is an effort to cyclically manipulate the price of oil on the back of a global spike.

He added, “This should not have affected access to the existing supply and I am calling on oil suppliers not to take advantage of the Saudi attacks to pass on immediate hikes to customers.”

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Posted by NewryTimes News on Sep 19 2019. Filed under Politics. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry