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Market Outlook Reports

Market Outlook Reports – Covering key trends and outlook for oil and gas markets.

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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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