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. 

Highlights include:

  • Crude prices remain range-bound in the low to mid $50s since OPEC’s coordinated production cuts were announced
    • Strong compliance (>90%) with cuts so far
    • Additional cuts rumored to be possible in summer
  • US Rig counts continue to improve
    • Total rig count up 87% on lows reached in late May 2016
    • EIA now projects a net increase in U.S. production for 2017
  • Crude and refined product inventories have begun to re-balance following historic builds in 2016
  • General U.S. economic outlook continues to improve, prompting optimism on energy demand