Energy
The crisis reshaped global geopolitics, underscoring the influence of oil-producing nations and prompting countries to consider geopolitical factors in their energy policies.
How do globalization and geopolitics shape the future of energy investments?
Changes in supply and demand, geopolitical risks, and currency fluctuations cause the oil price volatility.
Sharp decline in crude oil price was caused by demand shock from COVID-19 virus. Russia and Saudi Arabia decision to increase production create supply shock which made the oil price fell even further. Saudi Aramco still generate $340 Million per day economic profit at $30 per barrel.
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