Gear Energy monthly update
Posted: Wed Jun 21, 2023 7:12 pm
Don't own it but can get some good info:
They show that WTI averaged 71.62 in May down from 79.44 in April
https://f8d829.p3cdn1.secureserver.net/wp-content/uploads/2023/06/2023-May.pdf
One thing that jumps out to me is Differentials:
WCS heavy oil differentials currently trading at
an US$11 per barrel discount to WTI, a material improvement
from the US$30 per barrel discount experienced last winter
They conclude with this:
Now if only WTI pricing and some inflationary pressures would improve a
little more, we could all look forward to an excellent summer
They show that WTI averaged 71.62 in May down from 79.44 in April
https://f8d829.p3cdn1.secureserver.net/wp-content/uploads/2023/06/2023-May.pdf
One thing that jumps out to me is Differentials:
WCS heavy oil differentials currently trading at
an US$11 per barrel discount to WTI, a material improvement
from the US$30 per barrel discount experienced last winter
They conclude with this:
Now if only WTI pricing and some inflationary pressures would improve a
little more, we could all look forward to an excellent summer