Three Wells Coming Off Confidential List Today; WTI-Brent Update -- March 30, 2023

Midmorning; WTI jumped $1.01.

WTIBrent: finally someone is talking about this. Link here.

From cargoes for June onward, West Texas Intermediate Midland, oil from the Permian will become one of a handful of grades that set the Dated benchmark.

Freeport:

Overnight:

FF: EV production starts after months delay; FF91; it's much-delayed first luxury car, the FF 91 Futurist, California factory; shares rose 24% to 44 cents/share; longer range and better acceleration than Tesla, etc. No specifics. 

RSV: J&J drops out. Link here. 

Last month, a split panel of FDA experts voted 7-4 in support of the safety and effectiveness of Pfizer's shot. Soon after, the same committee voted unanimously in support of the effectiveness of GSK's shot and 10-2 on the safety question.

Though Moderna is trailing, the company stands a chance of gaining approval in time for the upcoming RSV season this fall. That puts all three on deck to compete. News on the RSV vaccine front could spark shares. Pfizer and Moderna stocks remain below their 50-day lines, while GSK stock is trading in line with that key marker.

Johnson & Johnson didn't expect to wrap up its Phase 3 study until November 2024, according to ClinicalTrials.gov. That would have given the other three a vast lead. Meanwhile, JNJ stock is already under pressure this year, having fallen more than 16% from a high point in late December.

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Back to the Bakken

Active rigs: 44.

Peter Zeihan newsletter.

WTI: $73.55.

Natural gas: $2.137.

Friday, March 31, 2023:
None. Six months ago, September has only 30 days.

Thursday, March 30, 2023:
3550, conf (no typo), Empire North Dakota, Waddle-Olson 1,
38864, conf, Liberty Resources, CA S 158-93-21-23-5MBHX,
38762, conf, Whiting, Locken 12-11TFX, 

RBN Energy: in quest to lower methane emissions, piking the right technology is key, part 3. 

The oil and gas industry is being pushed by regulators, third parties and investors to better identify and mitigate its methane emissions, especially the few “super-emitter” sites that make outsize contributions to overall emissions. But while operators are ramping up capital spending on new technology, one thing has become clear: There is no silver bullet when it comes to reducing emissions, and each option includes one or more drawbacks, including source attribution, costs, quantification, and detection limits. In today’s RBN blog, we’ll break down the advantages and disadvantages of the different measurement technologies.