Energy Rally Accelerates, But So Does Renewables Threat...

Global Cross-Asset Energy Analyst, VAC Investments

Aaditya Chintalapati, CFA

Global Cross-Asset Energy Analyst

VAC Investments

Thematic (Sector/Industry)

Colombia Energy / Thematic (Sector/Industry)

<h2>Oil Price</h2><p>Crude oil's relentless rally YTD has been largely driven by concerted and coordinated OPEC + Russia supply cuts, and a perfect storm of geopolitical tensions. Consequently, we saw Brent flirt briefly with USD 80/bbl recently, due to the likelihood of "will they / won't they?" tensions around US/North Korea talks and further Iran related sanctions. However, this week saw the first signs of OPEC and Russia signal that the oil market was overheating, with announcements of likely additional…</p>

Oil PriceCrude oil's relentless rally YTD has been largely driven by concerted and coordinated OPEC + Russia supply cuts, and a perfect storm of geopolitical tensions. Consequently, we saw Brent flirt briefly with USD 80/bbl recently, due to the likelihood of "will they / won't they?" tensions around US/North Korea talks and further Iran related sanctions. However, this week saw the first signs of OPEC and Russia signal that the oil market was overheating, with announcements of likely additional…

Global E&Ps: Energy Weekly Vol. 18