Bitumen Africa Podcast e19 – Geopolitical Tensions: US-Russia, Ukraine, and Oil Market Impacts

escalating tensions surrounding the Russia-Ukraine war. Political relationships are strained by public criticism between Zelenskyy and Trump, who appears to be aligning with Putin. European leaders are struggling to respond effectively. Alongside these developments, the Middle East is seeing a slow prisoner exchange and continued conflict. Crude oil prices are fluctuating due to the uncertainty in Eastern Europe, and predictions regarding Russia's oil production after a potential ceasefire vary. Bitumen prices globally exhibit regional differences and are subject to seasonal pressures, particularly in Iran.