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?
Here is a preview of what to watch this 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.)
Inventories of U.S. gasoline and natural gas supplies will likely rank among some of the key focus areas this week in the oil and gas markets, according to one of Rigzone’s regular prognosticators. Keep reading for more details, along with a preview of other developments to watch for this week.
Tom Seng, Director – School of Energy Economics, Policy and Commerce, University of Tulsa’s Collins College of Business: The market will be dissecting the Biden administration’s $2 trillion infrastructure plan, as well as assessing the likelihood of its passage in the U.S. Congress. The spread of COVID-19 variants and lockdowns in Europe will remain a concern for energy demand. And, U.S. refiners have just two months to store-up gasoline for the summer