A Stock Trader’s Guide to Navigating the Global Energy Crisis
- Prices spike as China orders companies to secure fuel supplies
- Materials stocks have swung from strong performers to laggards
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The global energy crisis is intensifying, hammering the shares of companies that consume a lot of power and sending the stocks of those that produce it soaring.
Economic recovery from the pandemic has boosted demand for gas and coal but their supplies have not been able to keep up. With the northern hemisphere winter on the horizon and China -- the world’s biggest electricity user -- ordering state-owned energy firms to secure supplies at all costs, investors are in a race to pick the winners and losers.