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Energy Sector Update: Oil, Gas, and Renewables

Released on Tuesday, August 20, 2024ENERGY

The global oil market has had a volatile year, with macroeconomic uncertainty (China, US, and European interest rates) competing with geopolitics (Russia/Ukraine, Iran/Israel) for investor attention. Meanwhile, natural gas continues to be a seasonally influenced commodity, with summertime heatwaves very much in the headlines. As it relates to the energy transition, we will discuss China’s role in the electric vehicle market, how the electric power industry is adapting to demand from the AI/data center boom, and how the US elections may affect the outlook for renewables. 


Pavel Molchanov
Raymond James & Associates, Managing Director

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