Throughout this week, oil (and gas) prices swung wildly and the Brent front-month futures contract seesawed up and down. Such volatility also turned the conversation towards the impact of the current market on much needed investment in all forms of energy.
The crisis a deep one for the oil markets as various heads of industry discussed, but perhaps an even deeper one for the global LNG. On the latter point, here is the Oilholic's op-ed for Forbes on how the disruption may upend the LNG market, and on the former point, here's one on why many worry the full impact of the Iran War may not yet have been fully priced into the oil market.
Another interesting point to emerge from this year's CERAWeek was potential for demand destruction, in particular for LNG, serviced by the twin polar opposite energy sources - coal and renewable energy, with desperate Asian markets turning to both.
As with any crisis to the upside (or downside), many got talking about how technology can be a great leveller not just in improving efficiencies for energy production but also playing a major role in reshaping the whole sector as it invests in its future.
On that note it's goodbye from Houston folks. More market musings to follow soon. Keep reading, keep it here, keep it 'crude'!
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