UKRAINE CRISIS: ENERGY IMPACT

Energy Intelligence’s latest Macroeconomic Outlook examines economic headwinds—such as inflation and recession fears—and their impact on the global recovery and aboveground risk. Europe’s energy crisis may trigger a recession, while US interest rate hikes threaten to exacerbate capital outflows and debt crises in emerging markets. In Asia, inflation is a key driver of South Asian political volatility, while concerns about China’s economy proliferate. In Latin America and sub-Saharan Africa, these developments are weighing on what was a strong recovery. For major producers, high oil prices are a boon, but many cannot fulfill their Opec-plus quotas, limiting upside.

Economic pressures are heightening aboveground risks, from political unrest and sovereign debt defaults to windfall taxes and protectionist measures.