EVENTS:   Building Resilient Portfolios in an Age of Disruption - Pavol Povala/Allocation Strategy - 19 Nov 25   NEW SERIES: Best Equity Long Ideas Conference Call 1 - Kevin Cassidy/Rosenblatt Securities & Andrew Freedman/Hedgeye & Jonathan Boyar/Boyar Research & Hamed Khorsand/BWS Financial & Pelham Smithers/Pelham Smithers Associates & Hemant Kotak/Kolytics & Benjamin Silverman/2Xideas - 20 Nov 25   UK Budget - How Did We Get Here, Why is UK Having Another Massive Tax Hike? - Mark Bathgate/Tweeddale Advisors - 21 Nov 25     ROADSHOWS: Buyside to Buyside Forum and Expert Calls across TMT, Consumer, Healthcare and Fintech - Andrew Peters /Revelare Partners   •   London   17 - 19 Nov 25       Fundamental US Healthcare Short Ideas - Dr Elliot Favus /Favus Institutional Research   •   London   17 - 19 Nov 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.