There is more uncertainty in energy markets heading into 2025 than in any year since the pandemic. Granted, uncertainties around the Ukraine (land) war, Middle East (hot) war and the US presidential elections are past their peaks, but hedging (fat) tail risks are top of mind.
In this week’s podcast, Ehsan Khoman, Head of Research – Commodities, ESG and Emerging Markets (EMEA), discusses MUFG’s Energy 2025 outlook which suggests that an unresolved crude oil surplus and the looming mega-wave of LNG supply in natural gas markets are gravitationally price bearish.
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