Oil prices were 50% above prepandemic levels even before the war. The war is just one more element to the puzzle, not the primary reason oil prices are high. A

Oil prices were 50% above prepandemic levels even before the war. The war is just one more element to the puzzle, not the primary reason oil prices are high. A developing structural gap between supply and demand is the primary one. Despite hopes about a green world, oil demand increases globally every year. If we don't invest in new production, prices will continue to increase