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Due to a strike from the workers of the largest oil producer in northern Europe in Norway, that region of the world should expect a rise in oil prices. Alongside the recent Brexit vote, the economy of Europe and the cost of fuel right now are shaky at best if not a complete mess. If planning to visit the EU any time soon for a luxury Mercedes-Benz drive through multiple countries, it could be far more expensive than originally planned.

If you are looking to get your Mercedes-Benz fuel system running properly, click here for the best parts at the best prices.

 

Oil prices rose on Tuesday as a looming strike in Norway threatened to cut output in western Europe’s biggest producer, although Britain’s vote to leave the European Union was still weighing on markets.

About 755 Norwegian workers on seven oil and gas fields could go on strike from Saturday, hitting output from the North Sea’s top producer, if a new wage deal is not agreed before a Friday deadline.

A final round of mandatory talks will be hosted by a state mediator on June 30 and July 1 in an effort to avoid disruption that could start the following day. Continue Reading

oil-pumpjackOil prices just went higher than they have at any point over the last six months. This increase in price is happening because of an oil shortage across the globe – or at least that’s how Goldman Sachs is reporting it. In any case, the price of oil will, as usual in situations like this, fluctuate with gains and losses for a few days before becoming relatively steady.

Seeing as we don’t know when the next huge oil/gas price increase will be, you might want to do what you can to make sure your vehicle is as efficient as possible. Head over to our Mercedes-Benz fuel page to browse and buy control units, fuel pressure regulators, pumps, tanks and more.

 

Oil prices hit six-month highs on Monday on worries about global supply outages and as long-time bear Goldman Sachs sounded more positive on the market, although a stockpile build at the U.S. storage hub for crude futures pared gains.

Expectations of resumption in oil exports from a Libyan port, a ramp up in Nigerian crude production by Exxon Mobil Corp and an improved oil-for-loans deal reached by Venezuela with China furthered the tempered the bullish theme in oil.

U.S. crude futures settled up $1.51 at $47.72 a barrel, at their highest since Nov. 3, when they closed at $47.90.

Brent crude futures were trading at $48.99 per barrel, up $1.13, or 2.36 percent.

oil-pumpingOver the last few months, the world’s oil supply has been far greater than was needed, and that has led to some severe price drops which, of course, benefits us the consumers but hurts oil producers. The lower oil prices are expected to run through at least the end of the year. Because of that, it’d be a good time to put some time into your Mercedes, starting with a tune-up.

 

Paris (AFP) – A global oil glut that has sent prices tumbling is set to “shrink dramatically” later this year, as wildfires have disrupted Canada’s output and demand in India soars, the International Energy Agency (IEA) said Thursday.

Demand for oil worldwide is set to grow at a “solid” rate in 2016, with India the “star performer” after making up nearly 30 percent of the global increase in demand in the first quarter of the year, the IEA said.

“This provides further support for the argument that India is taking over from the China as the main growth market for oil,” the 29-nation IEA said in its closely watched monthly report. Read More

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