Daily Market Update - May 13, 2024
Today in oil and natural gas markets: Iraq and Guyana news, WTI seesaws and crack spreads retreat, NYMEX NG curve flattening and ERCOT power prices signal strong demand ahead
In Today’s Energy Market Update:
Oil Complex: Iraqi adherence to OPEC+ cuts in question for 2H 2024, Guyana maintenance for July, another uniform daily change for WTI term structure with new near term lows for product cracks
Natural Gas: Production recovers for the 2nd straight weekend, front of the NYMEX curve unfazed by the production response, and ERCOT power prices march higher still
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