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How the Ukraine war is driving up food and energy prices for the world
Radio Davos
The Impact of the Ukraina Crisis on Global Energy Markets
We were still consuming about 85 million barrels of oil a day during covid lock down. So tells you just how critical oil is as in terms of global commodity markets. It's very hard for physical commodities to match up exactly the supply and demand on a particularly given day. The big demand centres, as with many other things, are china,. india, lad america, middleeast; moving away from some of the more traditional demand centers in the us and o c d asia.
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