By Mark Rossano Sections President Trump Tweets and the Responses from Abroad- Short Answer Fade the Rally Deep Dive on Country Breakdowns and Pricing for Spreads/ Futures/ Spot Crude Oil Export Country Specifics Highlighting the Oversupply Remains Even with an…
By Mark Rossano Sections Reduction of Frac Spreads Accelerates Storage and Economic Stimulus Will Fail to Bridge the Gap Global Economic Data Points Paint a Frightening Picture Oil Demand Falling as 2.6B face lockdowns India Starts Down the Lockdown Road…
By Mark Rossano Frac Spreads Set for a Collapse The reset in oil prices will cause about 10% of completion crews to pause over the next 30 days in order to asses realized prices, preserve cash, and adjust drilling plans….
By Mark Rossano The frac spread count saw a small increase to 314 on 2/21/2020 with some upward momentum that should push it closer to 320 over the next week or two. The longer-term issue will be realized prices as…
By Mark Rossano U.S. Completion Activity Update Is U.S. Production growth capped? What is COVID-19? OPEC, Russia, Venezuela, Libya and China [restrict] The completion activity has leveled off after spreads were reactivated following an extended Christmas holiday. So far, the…
By Mark Rossano U.S. Frac Spreads increase, but consumables remain soft Oil and Gas Demand issues accelerate globally; all eyes on consumption Coronavirus Update: We need another month to evaluate Libya, Russia and Nigeria Output Updates [restrict] U.S. activity rebounded…
By Mark Rossano The energy market closed out the year with a big drop in the frac spread count, which carried forward into the second week of January with a move down to 275. The drop was driven by the…
By Mark Rossano A follow-up on the Middle East ongoing Conflicts Protests have escalated in both Iran and Iraq- both against the Iranian government and the IRGC (Islamic Revolutionary Guard Corps.) In Iran- protestors are demanding a change in leadership…
By Mark Rossano Domestic The frac spread count resumed its downward trend with the national forecast coming in at 335 vs 340 last week. The trend remains on a lower path led by the Permian with the only sustained increase…
By Mark Rossano Where do we stand in U.S. Shale? – Week before Thanksgiving 2019 U.S activity is experiencing another step-down in activity as more completion crews and rigs are released. The issues are compounding on a global level as…