The latest issue of our monthly Energy Equipment & Services Report, highlighting trends in M&A, financing and capital markets for private and public companies in the energy market, is now available.
- Crude prices have risen significantly, with WTI clearing the $50 threshold, following news of an OPEC + Russia agreement to limit production
- US Rig counts continue to improve moderately
- Refinery utilization is down nearly 500k bpd and is expected to decline further as turnaround season progresses
- New York's recent agreement between the Public Service Commission and Con Edison provided a potential framework for other states to encourage distributed clean energy while accommodating local utilities