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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOil prices could jump ‘very quickly’ amid market volatility, JPMorgan strategist saysChristyan Malek, global head of energy strategy and head of EMEA oil and gas equity research at JPMorgan, discusses oil market volatility and the outlook for energy demand.
Persons: Christyan Malek Organizations: JPMorgan
Get ready for higher energy costs, JPMorgan said Friday, warning that the latest surge in oil prices may have a lot further to run. The recent uptick in oil prices , sparked by output cuts from OPEC and higher demand, has fueled inflationary fears and heightened concern that interest rates may stay at today's lofty levels for longer. Consumer prices in August, for example, showed a 0.6% month-over-month increase, the largest monthly gain of the year, partly owing to uptick in energy prices. Brent prices rose another 1% Friday to trade around $94 a barrel as a fuel export ban from Russia reignited global supply fears. Amid this looming energy "supercycle," JPMorgan sees a positive outlook for global energy producers and named Shell , Baker Hughes and Exxon Mobil among its best ideas.
Persons: Christyan Malek, Brent, Malek, Baker Hughes, — CNBC's Michael Bloom Organizations: JPMorgan, Brent, bbl, Shell, Exxon Mobil Locations: Russia
Aerial view of the LNG storage and vaporization vessel "Höegh Esperanza" at the Wilhelmshaven LNG terminal. European gas markets have been constantly fluctuating in recent months, owing to extreme heat, maintenance at gas plants and, most recently, industrial action at major liquefied natural gas (LNG) facilities in Australia. "Gas markets are becoming riskier — gas and LNG prices are increasingly volatile and greatly affected by global factors," Jaller-Makarewicz said. The EU reached its target of filling gas storage facilities to a 90% capacity roughly 2 1/2 months ahead of its Nov. 1 deadline. It means that we've got a pretty good buffer," Malek said, referring to Europe's filling of its gas storage facilities.
Persons: Ana Maria Jaller, seesaw, Makarewicz, Christyan Malek, Malek, CNBC's, we've, Filippo Monteforte Organizations: Getty Images Energy, Workers, LNG, Makarewicz Energy, Institute for Energy Economics, Gas, EU, Gas Infrastructure, International Energy Agency, European Union, Eurasia Group, JPMorgan, Afp, Getty Locations: Wilhelmshaven, Australia, Western Australia, Japan, China, South Korea, Asia, Europe, U.S, skyrocketing, Gas Infrastructure Europe, wean, Ukraine, Eurasia, Tuscany
JPMorgan strategist discusses outlook for oil markets
  + stars: | 2023-09-11 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailConcerns about China's demand for oil have almost become 'a bit of a cliche': JPMorgan strategistChristyan Malek, global head of energy strategy and head of EMEA oil and gas equity research at JPMorgan, says "China demand is just OK, I don't think it's bad."
Persons: Christyan Malek Organizations: JPMorgan Locations: China
OPEC's share of demand growth is growing, says JPMorgan
  + stars: | 2023-08-02 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOPEC's share of demand growth is growing, says JPMorganChristyan Malek of JPMorgan says Saudi Arabia has "played its cards extremely well."
Persons: JPMorgan Christyan Malek Organizations: JPMorgan Locations: Saudi Arabia
Oil prices could double over the next two years, strategist says
  + stars: | 2023-08-02 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOil prices could double over the next two years, strategist saysChristyan Malek, global head of energy strategy and head of EMEA oil and gas equity research at JP Morgan, discusses the outlook for the energy sector.
Persons: Christyan Malek, JP Morgan Organizations: JP
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