EVENTS:   Update on the Roaring 1920’s Scenario - Edward Yardeni/Yardeni Research - 22 Oct 25     ROADSHOWS: Sustainability and Impact Investing - Megatrends and Investment Implications - François Boutin-Dufresne /Sustainable Market Strategies   •   London   20 - 22 Oct 25       Commodities Research with a Focus on Energy - Kathleen Kelley /Queen Anne's Gate Capital   •   London   20 - 24 Oct 25       Consumer / Retail Channel Checks and Stock Picks - Mark Friedman & Marni Shapiro /The Retail Tracker   •   London   21 - 22 Oct 25       L/S US Communications, Media & Software Ideas - Andrew Freedman /Hedgeye   •   London   28 - 29 Oct 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.