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Energy Outlook: Prices, Geopolitics, and Minerals

Analysis of energy market trends, focusing on oil, gas, and critical minerals, highlighting geopolitical risks and the importance of recycling and resource diversification.

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Italian

Kosovo

Climate ChangeGeopoliticsEnergy SecurityEnergyRecyclingMineralsResources

International Energy Agency (Iea)OpecG7

Laura Cozzi

How does the geopolitical landscape affect the energy market, and what are the potential risks?: The geopolitical situation, particularly concerning areas like the Strait of Hormuz, creates uncertainty and potential price volatility. While ample energy supply is predicted, geopolitical instability could significantly impact prices.
What is the outlook for energy prices in the coming years, and what factors could influence this?: The price of energy may decrease in the coming years due to abundant spare capacity of oil and LNG, unless the global geopolitical scenario changes.
What is the current status of spare capacity in oil and LNG markets, and what are the implications?: A significant spare capacity of 5 million barrels per day exists in oil markets, expected to persist until 2030, with increased supply from various countries. This, combined with spare capacity in LNG and new liquefaction terminals, is expected to ease pressure on consumers.
What is the significance of the shift toward a 'mineral-dependent' economy and what actions are needed to address this?: The decarbonized economy is increasingly reliant on minerals, necessitating more investment in mining, reuse, and recycling to ensure greater independence from foreign resources.
What are the challenges and opportunities related to the increasing demand for critical minerals in the context of clean energy transition?: The transition to clean energy increases demand for critical minerals, highlighting the need for increased investment in mining and especially in recycling and reuse to reduce dependence on specific countries and regions and to ensure supply chain security.

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