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smith199

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smith199

Re: None

Monday, 03/06/2023 10:28:21 PM

Monday, March 06, 2023 10:28:21 PM

Post# of 7878
The GOM rig count fell by 1 rig this week, but is still up by 33% from this same time a year ago. So the Industry predictions regarding a significant uptick in GOM drilling for 2023 appear to be accurate and coming to fruition.  

Other oil and gas Annual forecasts are scheduled for this month.  I am particularly interested in the U.S. EIA’s 2023 Annual Energy Outlook and OPEC’s 2023 World Oil Outlook.  

WTI is up slightly to $80.75/bbl. Due to tightness in supply and increasing demand from China, we should probably expect crude prices to rise even further.

More later.



Mrs. Smith
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