The oil and gas sector has experienced multiple demand and supply shocks, from the pandemic to conflicts in Ukraine and Iran. These shocks carry implications across the globe, whether it's the outlook for the American oil patch or the acute challenges for oil importers like Europe. The impact also extends beyond the sector, as fluctuations in energy costs reshape how investors think about inflation, interest rates, and asset prices.
Meanwhile, energy needs are burgeoning. The oil and gas sector will require significant capital for expanding production and distribution capabilities, while ensuring that global supply chains can withstand sudden disruptions to energy flows.
PGIM's Dave Winans and Jennison's Jay Saunders join host Keshav Rajagopalan to analyze key investment themes in oil and gas, including:
energy security and lessons learned from the Iran conflict;
constraints for refined products such as diesel;
misunderstood aspects of the oil and gas sector;
capital needs in pipelines, U.S. LNG exports, and more;
and opportunities throughout the value chain.
Recorded on October 20, 2026.