Скачать или смотреть Energy Markets & Shifts in Pricing with Michael Snyder

Michael Snyder, CEO of MDS Energy Development, discussed how the energy markets have shifted. The primary culprits for this shift have been COVID-19 and the supply war between Russia and Saudi Arabia. Over the past two and a half years the natural gas market has been strong, yielding prices around $2.50 to $3.00. This can be attributed to the Permian Basin shutdown of their surplus-driving pipelines.

Contrary to trends in the natural gas market, oil has been oversupplied for quite some time due to those companies with lower production costs which continuously try to dilute the market and overwhelm competition. With the implications of new shelter-in-place orders from governments around the world, oil demand will decline while people continue to stay in their homes.