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Sunday, April 24, 2022

Focus On Fracking -- April 24, 2022

Link here.

The lede:

  • US oil supplies at a 14-year low after record jump in oil exports;
  • oil+products exports at a record high;
  • oil+products inventories at an 8-year low;
  • natural gas hits $8; a 13.5 year high, before retreeating
  • SPR at a new 20-year-low;
  • distillates at a 14-year low;
  • DUCs fall to a record low; DUC backlog at less than five months.

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