Archive · 10 Sep 2026
World Braces as Crude Oil Climbs 11% in 20 Days
Oil prices have gone up by more than 11% in 20 days.
Ajay Bagga warned that prices could rise as high as $120 to $150.
If that happens, people and businesses may buy less oil and other products.
This is called demand destruction.
He said weaker demand could hurt economies and cause recessions.
Some businesses that depend on energy could become unable to operate profitably.
Governments might also spend more money on energy subsidies.
At the same time, lower economic activity could reduce government revenues when support is most needed.
Crude oil has risen more than 11% over 20 days.
Global commentator Ajay Bagga warned that prices of $120-$150 could sharply reduce demand.
Bagga said such price increases could push economies into recession.
He warned that many downstream businesses could become financially unviable.
Higher energy subsidies and weaker revenues could worsen governments’ fiscal challenges.
- Who
- Global commentator Ajay Bagga discussed the potential effects of rising crude oil prices.
- What
- Crude oil has climbed more than 11% in 20 days, prompting warnings about economic damage if prices reach $120-$150.
- When
- Over the past 20 days; the article does not provide specific calendar dates.
- Where
- The potential effects are described as global, affecting economies and governments around the world.
- Why
- Bagga warned that higher energy prices could reduce demand, trigger recession, make downstream businesses unviable, increase subsidy costs, and weaken government revenues.
- Oil price increase
- More than 11% over 20 days
- Potential price range
- $120-$150
- Commentator
- Ajay Bagga
- Economic risk
- Reduced demand and possible recession
- Business risk
- Many downstream businesses could become unviable
- Government risk
- Higher energy subsidies and shrinking revenues could worsen fiscal pressures