'Scars' of the energy play will linger in 2023

'Do not conflate investment return with current data'

Eve Maddock-Jones
clock • 5 min read

Energy has arguably been the investment story of 2022, and one of its most contentious topics.

The oil and gas rally has been one of the few places to profit amid a maelstrom of macroeconomic headwinds, but its catalyst of Russia's illegal invasion of Ukraine has left a sour taste on the returns. When Russia invaded Ukraine on 24 February, it singularly ignited a sleeping energy crisis, which contributed to generational high levels of inflation throughout the year and laid bear the reality of underinvestment in the energy transition and security. "Energy has been a scarring event this year, it has been the one place to hide, and if you did not have it you had a relatively tough...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Commodities

Charles Stanley Direct: Explaining the gold spike

Charles Stanley Direct: Explaining the gold spike

Reaching a record high

Rob Morgan
clock 05 December 2023 • 4 min read
London Metal Exchange wins legal case against nickel trading suspension

London Metal Exchange wins legal case against nickel trading suspension

Brought by Elliot IM and Jane Street

Elliot Gulliver-Needham
clock 30 November 2023 • 1 min read
RBC Brewin Dolphin's Janet Mui: Energy price volatility is here to stay

RBC Brewin Dolphin's Janet Mui: Energy price volatility is here to stay

Energy price shocks

Janet Mui
clock 21 November 2023 • 4 min read
Trustpilot