Russia-Ukraine War and Energy Politics Reshaping Oil Geopolitics

• Russia's invasion of Ukraine has disrupted oil markets and reshaped oil geopolitics and security considerations.
• Global oil demand continues rising, particularly in Asia, despite renewable energy efforts.
• OPEC's production cuts increased oil prices, impacting economies and fueling energy inflation.
• Countries like China and India purchased discounted Russian oil, altering economic and geopolitical dynamics.
• The crisis may accelerate Europe's transition to renewable energy and impact the future of nuclear power.

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