Tag Archives: World: The global energy crisis has 4 possible paths

World: The global energy crisis has 4 possible paths through early 2022…. says Bank of America

– Business Insider – Oct 18, 2021, 12:10 PM

Oil pumps at sunset, industrial oil pumps equipment.Getty Images
  • The worldwide energy crisis unfolding has thrown markets into unprecedented turmoil.
  • In Europe, natural gas prices are at record highs. And in China, thermal coal futures are also at all-time highs.
  • Francisco Blanch of Bank of America provided Insider with four possible paths through early 2022.

The worldwide energy crisis unfolding amid a surge in demand and an ongoing supply crunch has thrown the oil and gas markets into unprecedented turmoil.

Oil prices are up more than 60% this year, with West Texas Intermediate crude hitting a fresh seven-year high on Friday 15 October, 2021.

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