Energy Markets Still Reeling From Supply Shocks Nearly Two Years After 2020 Crisis
• Energy markets still facing supply and demand shocks 1.5 years after 2020 "mother of all shocks" • Russia's invasion of Ukraine caused massive disruption to oil and gas flows in 2022 • New shocks like Hamas-Israel conflict impact flows, but economic weakness mutes price spikes • OPEC+ cuts supply but non-OPEC growth offsets some of it • Even with new shocks, concerns about global economy keep lid on potential price spikes