Key facts
- Macquarie's Erik Petersson is applying a 2022 playbook to current energy market conditions.
- The bank's head of commodity markets and finance is focused on risk management.
- Crude oil futures rose 60% and European natural gas surged 70% in a month during the March conflict.
Erik Petersson, head of commodity markets and finance at Macquarie, is adopting a strategic approach to the current energy market volatility, drawing on lessons learned from the bank's experience in 2022. The ongoing conflict in the Middle East has led to significant price increases in energy commodities, with crude oil futures rising 60% and Europe's benchmark natural gas contract surging 70% in a single month. Petersson emphasized the bank's focus on managing risks amidst these market fluctuations.