Sequeira Energy Synopsis – January 2020 Newsletter

Crude pricing declined steadily throughout January in response to global economic concerns, while the Canadian active rig count ended the month at 247, the highest count recorded since March of 2018.

The lower prices, which largely resulted from fears of a COVID-19 pandemic, have put a damper on what was shaping up to be a positive month. Both the Sequeira OFS Index and the TSX Energy Index declined on the month as the TSX remained relatively flat. The progress of the disease and its impact on global supply chains will play a key part in governing the outcome for the oil and gas in 2020.

Download the Sequeira Energy Synopsis – January 2020