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Energy CEOs Warn of `Bedlam,’ More Investment Needed at CERAWeek Conference

The Greening of a City Built on Oil
Photographer: Sharon Steinmann/Bloomberg

Hi, it’s Kiel—welcome to the Bloomberg Deals newsletter. This week I’m back in Houston with the energy industry’s brightest and best at S&P Global’s CERAWeek conference. Read on for my dispatch from the first couple of days of the event, as well as some downbeat IPO data and a big European telecoms deal.

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It’s been more than two years since I’ve been to Houston, after a Covid-19 enforced absence, and it’s fair to say the energy industry has experienced its fair share of tumult since then. Having endured lows of mid-$50s a barrel less than a year ago, demand and prices have soared in recent months, hitting $130 this week as war in Ukraine threatens supply.