Market Outlook Reports – Covering key trends and outlook for oil and gas markets.
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Thursday, March 2, 2023
Sproule Market Report: 2023 Latin America Energy Outlook Report
2021 remained a year of recovery for the Latin American energy market, as there were fewer upstream transactions than in 2020. We observed some green shoots in select countries with growing exploration, drilling and production, despite a backdrop of political and social challenges.
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Monday, September 12, 2022
Annual US Tax Update:
US oil and gas companies are potentially subject to state and local taxation. Oil, gas, and other natural resource tax rates vary by state and possibly other political subdivisions such as counties, cities, and municipalities. One common type of tax that states impose on oil and gas companies is severance tax. Severance taxes are imposed on the extraction, production, and sale of non-renewable resources to compensate for the severance (loss) of the resource from the earth’s surface. Although not exhaustive, this document summarizes state severance tax rates and other fees related to the oil and gas industry.
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Thursday, March 10, 2022
Sproule Special Market Report: 2022 Global Crude Oil and Natural Gas Market Outlook
2021 marked an inflection point in global crude markets with surging demand from increased economic activity in the wake of the pandemic. This year, a resurgence in transportation fuel demand, disciplined upstream capital spending, and measured OPEC+ supply increases all contribute to the first sustained bullish outlook for crude prices since the early 2010s.This has been compounded further by the Russian invasion of Ukraine.
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Wednesday, March 9, 2022
Sproule Market Report: Latin America Energy Outlook Report
2021 remained a year of recovery for the Latin American energy market, as there were fewer upstream transactions than in 2020. We observed some green shoots in select countries with growing exploration, drilling and production, despite a backdrop of political and social challenges.
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Tuesday, March 16, 2021
Sproule Market Report: Latin America Energy Outlook Report
Dominated by the largest global pandemic in a century, 2020 was an extraordinary year for the global economy and the energy sector. Entering 2021, markets have recovered substantially since Q2 2020 lows, but there is still significant uncertainty surrounding COVID-19, supply, demand, and, ultimately, price.
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Thursday, January 14, 2021
Sproule Special Market Report: 2021 Global Crude Oil and Natural Gas Market Outlook
Dominated by the largest global pandemic in a century, 2020 was an extraordinary year for the global economy and the energy sector. Entering 2021, markets have recovered substantially since Q2 2020 lows, but there is still significant uncertainty surrounding COVID-19, supply, demand, and, ultimately, price.
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Monday, April 20, 2020
Sproule Crude Oil Market Update: The Search for Balance
The record production cuts announced by OPEC+ earlier this month are expected to take effect May 1 and extend in some capacity into 2022. In the U.S. and Canada, the expectation for market dictated production cuts has already started by way of shut-ins. Ultimately, faced with the unprecedented near-term demand shock, the current supply response will be insufficient to balance markets and support prices near-term, but they have the potential to accelerate price recovery on the backside of the COVID-19 pandemic.
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Saturday, April 4, 2020
Sproule Crude Oil Market Update April 6
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Thursday, March 19, 2020
Sproule Crude Oil Market Update
Global economic activity is falling at a near-record rate as countries take action to prevent the spread of COVID-19. Simultaneously the OPEC and Russia curtailment agreement falls apart as Russia abandons the willingness to cut production. This has created unprecedented volatility in the global crude market.
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