Commodities
$100 Oil Sends Shockwaves Through Energy Markets
Oil prices have surged back above $100 a barrel, causing widespread market disruption and reshaping the global energy landscape.
Refining margins have soared as crude oil prices rise, making refining operations extremely profitable. This has led to increased demand for refining stocks.
John Stephenson, founder of Granite Point Research, and Elliott Gue, editor and publisher of Energy & Income Advisor, discussed the outlook for oil, natural gas, and LNG supply, demand, and prices on a recent podcast.
The panel highlighted the importance of natural gas as US electricity demand increases and LNG export capacity grows. This could lead to increased investment in natural gas infrastructure and extraction operations.