Oil market underpricing Iran supply shock, Carlyle's Currie says

Group 1 - The volatility in the energy market is significant, as evidenced by the drastic price changes in European gas in 2022, where prices reached $400 per barrel before going negative due to demand destruction [1] - There is currently no evidence of demand destruction that would lead to a rebalancing of the energy market, indicating that the market has not yet begun the rebalancing process [2] - The potential for upside in the energy sector is substantial, despite the current trend of shorting energy stocks while favoring other sectors [2]