The Russian-Ukraine war took place on 24 February causing havoc to the world supplies and prices of oil & gas, commodity and food etc.
WTI crude oil price went through a strange volatility cycle just to move back to the pre-war level, six months after the tension started. These show how resilience the global market forces, after various parties at work — from US/ Euro sanctions, to Russia reducing Nord stream gas supplies, to Opec+ production control, to Iran nuclear talks …
WTI crude oil price in USD per barrel, since the Russia-Ukraine war started
After the world narrowly defeated Covid-19 pandemic, and averted Russian-Ukraine-NATO conflict-induced energy, food and nuclear crises for now, what is next?
Will it be the perfect storm from global warming, glaciers melting, flooding and drought? or the tension from confluence of super-powers assembling near Taiwan Strait and in the Pacific?
written by George Seah Singapore
佘文发硕士
(for my blog)
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