• Liam Dann: NZ Business editor-at-large on dropping oil prices and its effect on NZ economy

  • Jun 6 2024
  • Length: 5 mins
  • Podcast

Liam Dann: NZ Business editor-at-large on dropping oil prices and its effect on NZ economy  By  cover art

Liam Dann: NZ Business editor-at-large on dropping oil prices and its effect on NZ economy

  • Summary

  • Good news for motorists: the price of oil has gone down around 7 percent in the last week.

    The Brent Crude oil price dropped below US$80 a barrel at the weekend, after OPEC+ came to a deal to extend voluntary production cuts.

    NZ Business editor-at-large, Liam Dann told Jack Tame “That’s good news for motorists – and good news on the inflation fight.”

    Dann said “We want to see renewable energy – but everything in the economy is underpinned by the price of oil.”

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