EVENTS:   Trumpire and Cold War II - Niall Ferguson/Greenmantle - 18 Sep 25   East Asia: Will consumption ever rise? Will exchange rates ever appreciate? - Paul Cavey/East Asia Econ - 23 Sep 25     ROADSHOWS: Global ESG and Impact-Investment Trends with Contrarian Trades in the Energy Transition Space - François Boutin-Dufresne & Félix-A. Boudreault /Sustainable Market Strategies   •   New York • 20 - 24 Oct London   22 - 24 Sep 25       US Healthcare & Merger Arbitrage Catalysts - Tommy Barletta /Aldis Institutional Services   •   London   22 - 23 Sep 25       East Asia Macro Outlook: China, Taiwan, Japan and South Korea - Paul Cavey /East Asia Econ   •   London   23 - 24 Sep 25       L/S Defense Europe’s Military Spending U.S. Strategy and Geopolitical Risks - Col. Jeffrey McCausland /Hedgeye   •   London   24 - 25 Sep 25       Buyside to Buyside Forum and Expert Calls across TMT, Consumer, Healthcare and Fintech - Andrew Peters /Revelare Partners   •   London   25 - 26 Sep 25      

Keep it Simple - It's All About Energy

Queen Anne's Gate Capital

Thu 17 Feb 2022 - 15:00

Topics

QAG Capital continues to have a differentiated view on oil markets - 2022 is another year of drawing inventories due to very strong demand. Globally there is a molecule shortage that is structural.

2023 balances will see inventory builds, but longer term the oil market will draw again.

The forward curve needs to adjust, and that adjustment has massive implications for other commodities

There is no super-cycle however, and high prices will cure high prices in some commodities markets which have high demand elasticity.