Recent global crises have created massive disruptions to the world’s energy systems. Successive upheavals of pandemic, economic reopening and war have triggered commodity shocks and geopolitical divisions that have stressed global supply chains and fueled inflation. Policy measures to counter inflation threaten a global recession. Is extreme volatility the new normal for energy and commodity markets? What does prolonged turbulence mean for future investments? How are producers and suppliers adjusting strategies to continue to meet global demand? How are they navigating the maze of policies on international sanctions?