Perspectives on The Energy Sector and Underlying Sub-Sectors
Energy cycles have a way of rewarding investors who show up early, while punishing those who assume the next upturn will look exactly like the last one. Supply disruptions caus
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As the U.S.-Iran conflict and de facto closure of the Strait of Hormuz enters its fourth week, market participants continue to search for some blue sky through the fog while remaining sensitive (in both directions) to fluid headlines flowing out of W
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Dollar Grows Stronger
The recent appreciation of the U.S. dollar (USD) against most currencies reflects investors’ assessment that the U.S. economy offers a uniquely strong combination of relative growth resilience, higher return
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Corporate credit markets have become unsettled about the potential for advanced agentic AI tools from firms such as Anthropic and OpenAI to automate functions across legal, analytical, marketing, and sales workflows, effectively targeting the softwar
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Raise your hand if you’ve encountered this headline recently: “Market Drops Sharply on Fears of Wider Mideast War”. What about this one: “Stocks Fall as Oil Prices Hit New Highs”? Or this: “Wall Street Sees Volatil
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The ongoing situation in the Middle East continues to drive markets in the short term. Oil production and shipping channels remain the focal point from an investor’s perspective as surging crude prices have led to concerns about the potential f
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All Eyes on Iran and the Strait of Hormuz
Investors’ attention remains squarely focused on Iran, as it should be. West Texas Intermediate (WTI) crude is trading near $100 per barrel, more than $40 above the recent mid-December lo
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Lower oil “intensity” — less oil used per dollar of economic output — means energy shocks have a smaller impact on growth than in past decades. And from the supply side, the U.S. is now a net exporter of petroleum products. Be
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The market has shifted quickly from concerns about artificial intelligence (AI) disruption to rising geopolitical risks tied to the conflict in Iran. Headlines continue to drive market movements as investors wait for greater clarity on the timing of
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As the capital expenditure (capex) race for compute continues, we thought that it would be worthwhile to briefly outline the current state of play facing the well-publicized data center buildout. To understand why so much capex is needed to support a
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