Season 3 Ep. 24: Could Oil & Gas Markets Force a Cold Winter Ahead for Europe?

Generation ETFs

Oil and natural gas – two of the world’s most important commodities – have been in the spotlight since the Russian invasion of Ukraine in February 2022. Russia, a major exporter of natural gas to Europe, has wielded the fuel as a weapon, seeking to place pressure on the European bloc by restricting supply. Meanwhile, OPEC has also throttled crude oil production, prompting outcry from the Biden Administration. With the destruction of the Nord Stream 1 pipeline, could Europe be facing a “Cold Winter”? Will crude oil supply inflate prices again, prompting pain at the pumps for consumers? Dan Payne, Managing Director, Energy, National Bank of Canada joins Horizons ETFs’ Nick Piquard to discuss what could be in store for oil and gas markets this winter and into 2023, how Canada factors into the equation and how the growing electric vehicle and ESG factors are impacting the future outlook for these hot commodities.