Global Research Marketing: Energy security FAQ: Searching high and low (carbon) for solutions

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Global Research Marketing: Energy security FAQ: Searching high and low (carbon) for solutions

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Global Research Marketing

Energy security FAQ: Searching high and

low (carbon) for solutions

1) Implications for US LNG, gas and oilfield services? 22 May 2026

Closure of the Strait of Hormuz should be a tailwind for US LNG via higher global gas Equity

prices and contracting. Jean Ann Salisbury expects stronger demand, though supply Global

increases may dampen price impact. US oilfield service activity is rising, led by private Research Marketing

E&Ps. Saurabh Pant expects an expanding rig count to drive earnings and sees US Land Thomas (T.J.) Thornton

OFS posting the highest rate of change. Among large caps, we highlight Haliburton. HeadBofASof Research Marketing

+1 646 855 2449

thomas.thornton2@bofa.com2) Will Europe and Asia look to diversify energy sourcing?

Francisco Blanch and Chris Kuplent expect Europe to emphasize diversification and Commodity Research

Francisco Blanch

permanent substitution via low carbon tech. Gas demand is already 15%+ below Commodity & Deriv Strategist

pre‑Russia/Ukraine levels, signaling lasting demand destruction. Asian transport fuel BofA Europe (Madrid)

demand may peak as EV penetration rises, but oil demand from petchems should persist. US Equity Research

Alexander Perry

While nat gas was seen as a bridge, cost concerns mean some may shift directly from Research Analyst

coal to renewables. Our Asia gas demand estimates were recently revised lower. BofAS

Andrew Obin

Research Analyst3) Will nuclear benefit and which stocks provide oppty? BofAS

Ross Fowler sees nuclear as a cornerstone of US energy strategy, supporting the digital Jean Ann Salisbury

economy while reducing exposure to fuel shocks.