Asks if oil curve telling whole story and where prices head.
Anna Edwards
Lydia Rainford
Physical market demanding much higher prices. Lost over 10M b/d supply. Physical prices don't hit until April/May; March data reflects February prices. Governments using strategic reserves quickly.
Asks about energy transition narrative - more fossil fuels vs speeding transition.
Anna Edwards
Lydia Rainford
Will be both: more energy security/domestic resources and step up in renewables. Asian countries may do more licensing rounds. US offshore wind slowing; advantage in natural gas prices.
Asks about potential energy shortages in Europe vs Asia.
Anna Edwards
Lydia Rainford
Jet fuel most exposed; warnings of fine two to mid-May. Diesel tighter. Governments have stocks to manage; not in physical shortages yet. May see measures like lower speed limits.