How the Oil and Gas Markets are impacted by the invasion of Ukraine – $120 in Q2

Oil and gas market checks and bounce
Source: Bloomberg

ENB Publishers Note: On 2-26-2022 Bloomberg published- “JP Morgan will hit $120 in Q2” – ENB had projected $120 those numbers in Q4 2021 as the geopolitical, supply and demand, and world producers announced their country’s budgets for 2022. A key data point was that Saudi Arabia and Russia published budgets last year for 2022 through 2023 years supporting $120 to $135 even without a full invasion. Both need higher energy export numbers to make their GDP forecasts. 

The Vanda Insights CEO & Founder discusses the outlook for energy markets alongside the impact of Russia-Ukraine tensions. Vandana Hari speaks with Rishaad Salamat and Haslinda Amin on “Bloomberg Markets Asia”. (Source: Bloomberg)

About Stu Turley 3346 Articles
Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor.   He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino. Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.