Here is a review of oil and gas market hits and misses for the week ending May 14, 2021.
(The views and opinions expressed in this article are those of the attributed sources and do not necessarily reflect the position of Rigzone or the author.)
The oil and gas markets witnessed significant excitement this past week, with the ongoing impact of the Colonial Pipeline cyberattack. Looking beyond the Colonial situation, however, one of Rigzone’s regular market-watchers has observed a significant – and comparatively dull – undercurrent at play as well. Find out more about this relatively boring item, and other recent developments, in this recap of oil and gas hits and misses from the past week.
Check out this preview of what to watch this week in the oil and gas markets.
(The views and opinions expressed in this article are those of the attributed sources and do not necessarily reflect the position of Rigzone or the author.)
Last week the OPEC+ alliance of oil producers decided to stay the course with their planned gradual increase in crude output this month and next. The oil market treated the move as a bullish assessment of global oil demand, but will a surge in COVID-19 cases in some of the world’s largest economies diminish that outlook? Read on for insights on this and other developing topics in this installment of what to watch this week on the oil and gas markets.
Here is a review of oil and gas market hits and misses for the week ending April 30, 2021.
(The views and opinions expressed in this article are those of the attributed sources and do not necessarily reflect the position of Rigzone or the author.)
Several supply-related factors are supporting crude oil prices, according to one of Rigzone’s regular market-watchers. Read on for a sampling of the bullish signals, along with additional insights about other timely developments, in this review of recent oil and gas market hits and misses.
Rigzone: What were some market expectations that actually occurred during the past week – and which expectations did not?
Check out this preview of what to watch this week in the oil market.
(The views and opinions expressed in this article are those of the attributed sources and do not necessarily reflect the position of Rigzone or the author.)
Metrics tied to U.S. drilling and hydraulic fracturing activity are approaching important benchmarks. Find out what those benchmarks are, along with what capital spending-related questions they spur from two of Rigzone’s regular prognosticators, in this installment of what to watch this week in the oil market.
Jon Donnel, Managing Director, B. Riley Advisory Services: U.S. rig and active frac spread counts are closing in on required levels to keep overall crude production flat with Fourth Quarter 2020 exit rates, which was the consensus target heading into the year. Current oil prices in the mid-$60-per-barrel range remain above levels baked into operators’ annual spending plans, setting up the question heading into earnings season as to whether those ori
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