Global energy prices increased significantly in the second half of 2021 and early 2022, buoyed by the recovery in the global economy. Russia’s invasion of Ukraine led to another dramatic spike in prices, although these have now retreated to near pre-invasion levels, as key OPEC producers signaled they will increase the global supply. But what could Russia’s invasion of Ukraine mean for global energy markets in the medium to long terms? What are the possible growth opportunities for companies servicing the sector?
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