EVENTS:   Best Equity Short Ideas Conference Call 12 - Zach Shannon/Corto Capital Advisors & Craig Huber/Huber Research Partners & Thomas Beevers /Forensic Alpha & Ed Steele/Iron Blue Financials & Bill Campbell/Paragon Intel - 12 Nov 25   Will AI Deflate the World? Macro Lessons from Three Industrial Revolutions and China - Manoj Pradhan/Talking Heads Macro - 13 Nov 25     ROADSHOWS: Forest Products Sector Equity and Commodity Research With Expertise in Distressed Debt - Kevin Mason /ERA Research   •   London   12 - 14 Nov 25       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.