Oil Price Volatility and Political Turmoil

This chapter explores the volatile nature of oil prices driven by financial speculation and geopolitical events, such as the impact of Russia's invasion of Ukraine. It discusses the dual crises affecting the crude oil market and refining margins, and the implications for consumers and global economies. Furthermore, the chapter examines the political fallout surrounding the resignation of Boris Johnson, his leadership's impact on international relations, and how future leadership may shape policies towards Russia and Ukraine.