IEF chief says Russia crisis exacerbates risks from insufficient upstream investment

The Russia crisis has upended the energy world in significant ways, posing massive new risks for supply, demand and prices. Joe McMonigle, secretary-general of the International Energy Forum, joined us to discuss some of those important shifts. He doesn't see actual oil supply disruptions stemming from the Russia crisis so far, and he continues to view insufficient upstream investment as the top risk to energy markets ahead. We also asked him about current dynamics between OPEC+ and oil-consuming countries, and whether the Russia crisis changes the scope or timeline of the energy transition. Stick around after the interview for Jeff Mower with the Market Minute, a look at near-term oil market drivers. Tell us more about your podcast preferences so we can keep improving our shows. Take our two-minute survey here: https://bit.ly/plattspod22