Who Determines the Fate of Oil
The Russia-Ukraine war pumps up the price of global oil to stratospheric levels. Countries, including Indonesia, are in turmoil because of it.
Khairul Anam
March 14, 2022
AFTER being slammed by the Covid-19 pandemic down to its negative levels, the world price of crude oil has now gone crazy. Long before the Russia-Ukraine war erupted, signs of global economic recoveries—mainly driven by China and the United States—had begun pushing up oil prices.
In the first quarter of 2020 after Covid-19 was declared a pandemic, the international price of oil fell hard. The lowest level of price recorded during the
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