Could a shortage of tankers keep oil prices high?

The prices companies are paying for shipping the fuel have risen 12 fold in the last few months.

In that time Brent Crude oil has fallen below 100 dollars a barrel, relieving some pressure that the rising prices have put on inflation around the world.

Also, Volkswagen's top executive in China says the country's domestic car market is going to decline by 20 per cent this year, and the impact will be the same as the COVID pandemic.