OIL & GAS JPMorgan says the coming energy crisis may be worse than what Europe experienced

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TheTruthHurtsU

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Western Energy Corporations are looking to cash in!!​


“Dear generalists, put your seatbelts on,” said analysts led by Christyan Malek. “While we believe the sector is in a structural up-cycle and oil should normalize higher, we expect prices and by extension energy equities to trade in a wider range, discounting an effective higher weighted average cost of capital associated with elevated price volatility and concerns around ESG/peak demand.”

MSN

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Saudi Arabia tightens its oil taps, sending prices toward $100 per barrel​

  • Brent crude, the global benchmark, clawed above $95 a barrel.
What they're saying: Saudi officials have argued that the extension of production cuts, which angered many Western officials, is a prudent response to surprisingly soft global demand, especially from China.

 
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