Express.co.uk | PETROL CRISIS: Prices to soar to 180p a litre as world faces up to global oil shortages Express.co.uk The International Energy Agency (IEA) said the cost of oil could reach $150 a barrel by 2040 pushing up the price of unleaded and diesel to £1.80 a litre. An IEA report said low prices over the last year had led to less investment from oil firms which ... Troubling News For The Planet: Oil Demand To Increase, Despite Paris Climate Change Accord IEA Sees Oil Price Shock Ahead As Conventional Supply Falls Oil Demand Won't Peak Before 2040 |