Populist green agenda led to underinvestment in conventional energy

10.03.2022       

The events of recent weeks have had a strong impact on the markets, in particular through a shock rise in commodity prices. Inflationary fears were already high – in January of this year, inflation reached a 40-year high for the US and Europe. And the rate hike forecasts by the US Federal Reserve were corrected weekly – from 3–4 rises to 5–7 and 50 basis points instead of 25 at a time.
If earlier the markets were afraid of slowdown in economic growth due to the Fed's excessive fight against inflation, the current price increase looks like a harbinger of a global recession. The oil market remains an important component of the economy. The transition to alternative fuel remains a distant future.
Vitaly Gromadin, Asset Manager, BCS Mir Investments; Vedomosti

Ratings of suppliers of the fuel and energy complex

Price indicators for oil and gas products

XVI Conference " Supply in the oil and gas complex", Neftegazsnab-2022, March 17, 2022