Global Commodities: Europe’s conscious uncoupling — Energy Diversification, Bans, and Strategic Reserves

Natasha Kaneva is joined by Shikha Chaturvedi and Ted Hall to discuss the latest critical announcements in the energy sector. On the one hand, European intentions are in place to diversify nearly 80% of Russian oil and gas imports, while the EU ban on coal offers a new twist to the Russian energy saga as coal remains a vital balancing mechanism for the European energy system. On the other hand, the IEA further SPR releases ease short term balance but looking forward, global producers will likely need to ramp up investment to fill the Russia-sized supply gap and restock IEA strategic reserves.   Speakers Natasha Kaneva, Head of Global Oil and Commodities Research Shikha Chaturvedi, Head of Global Gas Research Ted Hall, Vice President of Global Oil Research   This podcast was recorded on April 8, 2022. This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-4047856-0, https://www.jpmm.com/research/content/GPS-4054322-0, https://www.jpmm.com/research/content/GPS-4055747-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2022 JPMorgan Chase & Co. All rights reserved.