In this episode John Sage, Senior Director and Head of Private Credit Research here at KBRA will be joined by two colleagues — Ken Egan from the Sovereign team and Karim Nassif from the Corporate, Infrastructure and Project Finance team. They will be diving into the topic of how euro area inflation has become less correlated with oil price swings. We’ll unpack why that link has weakened — from reduced oil intensity and greater supply diversification, to stronger policy buffers. We’ll also explore what all this means for the credit outlook of European energy companies.