That Was the Week That Was...in O&G: a 30 second update (w/e May 19, 2023)

That Was the Week That Was...in O&G: a 30 second update (w/e May 19, 2023)

WTI?up 2%?WOW

  • Oil prices fell on Friday, given worries regarding US debt ceiling negotiations and impact on the economy from a potential default.?Nonetheless both Brent and WTI notched their first weekly gains in a month, with both benchmarks rising about 2% primarily due to positive news from China.

________________________________________

HH up 14% WOW

  • Gas prices rallied in second half of the week, upward momentum kicking in following EIA’s bullish storage inventory report – showing inventories rising at slower-than-expected rate.?In addition, EIA’s Short-Term Energy Outlook was more positive on gas prices in 2H 2023 vs last month’s sentiment

________________________________________

Baker Hughes US rig count (ex-GOM) down 11 WOW

  • 720 vs 731: Permian, and EFS down 4, and 3 respectively

要查看或添加评论,请登录

Farhan Sher的更多文章

社区洞察

其他会员也浏览了