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.