Daily Market Update - March 26, 2024
Today's movements in oil and natural gas markets: Gasoline - the unlikely driver of a bullish crude market narrative. Natural gas market historical comparisons - 2012, 2016, and 2024 commonalities
In Today’s Energy Market Update:
Oil Complex: Crack spread contraction despite a delay at Dos Bocas, and a quiet crude curve with bearish API data providing the market with a test ahead of the DOE stats
Natural Gas: Supply side restraint was needed in 2012, 2016, and the market is definitely pricing in the same for 2024. While we wait to see how output fares in April 2024, we take a look back at what the demand side of the equation offered for balance clean up in 2012 and 2016
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