Episodi

  • Diesel in the danger zone: Inside the global diesel squeeze (Ep. 266)

    Diesel in the danger zone: Inside the global diesel squeeze (Ep. 266)
    Oct 15 2026
    Diesel markets are under mounting pressure as disruptions in Russia and the Middle East squeeze global supplies just as the Northern Hemisphere heads into winter. In this episode of EnergyCents, Hill Vaden and Sam Humphreys are joined by Karim Fawaz and Will O'Neil to unpack what is driving the tightening market, whether the new US-Russia diesel deal can offer meaningful relief, and why governments are entering what Karim F calls the "policy danger zone". They also explore whether damaged refining capacity and wider logistical constraints could keep diesel markets tight even if geopolitical tensions ease. Learn more about S&P Global Energy coverage at: https://www.spglobal.com/energy/en
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    40 min
  • Quagmire: Scenario planning a case for lasting oil markets disruption (Ep. 258)

    Quagmire: Scenario planning a case for lasting oil markets disruption (Ep. 258)
    Aug 20 2026

    Scenario planning allows investors and executives to prepare for situations outside of their base-case expectations. S&P Global Energy developed a new case called "Quagmire" that assumes conflict around the Strait of Hormuz becomes a permanent geopolitical feature and trade flows fragment in favor of regional energy security.

    Oil markets experts Louise Vertz and Sandra Abdallah join hosts Hill Vaden and Sam Humphreys to walk us through the assumptions in S&P Global Energy's "Quagmire" scenario and explain what lasting changes could be in store for oil markets if disruption turns from months into years.

    Learn more about S&P Global Energy coverage at: https://www.spglobal.com/energy/en
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    34 min
  • Reuniting Gondwana: Why Big Oil is returning to West Africa.

    Reuniting Gondwana: Why Big Oil is returning to West Africa.
    Sep 10 2026

    Why are the world's largest oil companies turning their attention back to West Africa? In this episode of EnergyCents, Sam Humphreys and Hill Vaden are joined by S&P Global's Justin Cochran and Roderick Bruce to explore the region's deepwater revival. From promising geology and the pursuit of "needle-moving" discoveries to improved fiscal terms and faster licensing, the conversation examines what is drawing exploration capital to Africa's Atlantic margin—and whether this renewed interest can translate into the next generation of major oil discoveries.

    Learn more about S&P Global Energy coverage at: https://www.spglobal.com/energy/en
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    33 min
  • Storms, Storage and Supply: Europe's winter energy outlook (Ep. 264)

    Storms, Storage and Supply: Europe's winter energy outlook (Ep. 264)
    Oct 1 2026
    The rules of Europe's gas market have changed. Russian pipeline gas is gone, LNG is king, and storage has become one of the continent's most important energy buffers. This week on EnergyCents, Alun Davies joins Hill Vaden and Sam Humphreys to explain why Europe is entering winter with lower-than-expected gas inventories, how global LNG competition is influencing prices, and what a warmer or colder winter could mean for consumers and industry alike. From the Strait of Hormuz to European storage caverns, this episode explores the forces shaping one of the world's most important energy markets. Learn more about S&P Global Energy coverage at: https://www.spglobal.com/energy/en
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    32 min
  • Dr. Copper's Diagnosis: What Copper Is Telling Us About the Global Economy (Ep. 265)

    Dr. Copper's Diagnosis: What Copper Is Telling Us About the Global Economy (Ep. 265)
    Oct 8 2026
    Copper sits at the heart of the energy transition, data centre expansion and global electrification. But behind the bullish headlines lies a market wrestling with tight mine supply, negative smelting margins, tariff uncertainty and rising interest rates. In this episode, Nick Trickett joins Hill Vaden and Sam Humphreys on EnergyCents to explain what is really driving copper prices and what the next 6-12 months could hold for one of the world's most important commodities. Learn more about S&P Global Energy coverage at: https://www.spglobal.com/energy/en
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    23 min
  • After the Shock: What's Next for LNG? (Ep. 263)

    After the Shock: What's Next for LNG? (Ep. 263)
    Sep 24 2026
    The closure of the Strait of Hormuz has removed a significant share of global LNG supply from the market, reshaping gas trade flows and raising questions about energy security ahead of winter. In this episode of EnergyCents, Sam Humphreys and Hill Vaden are joined by S&P Global gas expert Laurent Ruseckas to unpack the latest developments in global LNG markets. Why have gas prices surged despite demand adjustments in Asia? Will Europe be able to refill storage and secure enough supply this winter? And if Europe is willing to pay whatever it takes, who is left competing for the world's remaining LNG cargoes? Learn more about S&P Global Energy coverage at: https://www.spglobal.com/energy/en
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    27 min
  • Steady as she goes: US shale sector approaches higher oil prices with caution (Ep. 262)

    Steady as she goes: US shale sector approaches higher oil prices with caution (Ep. 262)
    Sep 17 2026

    Oil prices are up by more than 75% since the start of the year and recently crossed the psychologically important $100/barrel milestone. The corresponding rise in US drilling rigs, however, has been far more modest.

    S&P Global Energy Shale Sector expert Imre Kugler joins hosts Hill Vaden and Sam Humphreys to discuss activity levels in US shale, and why operators are hesitant to ramp up production despite higher prices.

    Learn more about S&P Global Energy coverage at: https://www.spglobal.com/energy/en
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    30 min
  • Talking refining capacity with Phillips 66 (Ep. 260)

    Talking refining capacity with Phillips 66 (Ep. 260)
    Sep 3 2026

    Phillips 66 is a US-based downstream energy company that operates through five core segments: Midstream, Chemicals, Refining, Marketing and Specialties (M&S), and Renewable Fuels.

    Sean Maher, Phillips 66 chief economist and head of investor relations, joins hosts Hill Vaden and Sam Humphreys to discuss how Phillips 66 is navigating the current high-margin, high-utilization environment and outline the investment priorities fueling the company's next leg of growth.

    Learn more about Phillips 66 at: https://investor.phillips66.com/investors/default.aspx

    Learn more about S&P Global Energy coverage at: https://www.spglobal.com/energy/en
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    34 min