Middle East Turns to Biofuels Amid Rocky Oil Prices and Environmental Awareness

Consumers worldwide are witness to the fluctuations in the fuel prices recently and the Middle East is no exception. Why do fuel prices rise and fall so frequently in a region with such huge oil reserves? In the long term, the greatest single factor influencing fuel prices is the cost of crude oil. However, supply, demand and competition can have a significant impact on fuel prices in the short-term.

via Renewable Energy News – RenewableEnergyWorld.com http://ift.tt/1FG7ZZV

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