Petroleum demand has outstripped supply since early 2021
The pandemic, production constraints and a shift to renewables complicate the outlook
Governments must be 'thoughtful' about the pace and scale of the clean energy transition, Al Monaco noted
Recent price surges should ease as temporary drivers normalize
Production disruptions, high demand, push energy prices higher
Some countries, including Canada, are benefiting from rising oil prices
With oil production constrained, rising demand may boost prices
The latest reading could be supportive for the Canadian dollar
Higher commodity prices and resurgent demand will drive recovery, Moody's says
Canada's oilpatch has seen a "recovery from the depths of hell to not quite heaven," an analyst says