Oil prices continue to define geopolitics

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Alongside our story on lower bunker costs, here’s an in-depth analysis of why oil prices have dipped so significantly in recent months – a classic combination of rising supply and weak demand – and the implications for the world and world trade. The geopolitics are fascinating – a continued low oil price could force Russia to modify its stance on Ukraine, lead Iran back to the negotiating table with the West and increase tensions between Germany and the European Central Bank.