Sequeira Energy Synopsis – May 2019 Newsletter

While commodity prices had been trending upward during April, momentum stalled in May with prices decreasing throughout the month due to global demand concerns and continued inventory builds. Our Sequeira Energy Index along with the TSX Energy Index fell by 7% and 12% respectively throughout the month as trade uncertainty and a notable drop in crude prices applied significant market pressure on the energy sector. With almost every major crude benchmark down by $10/bbl during the month, concerns around operators’ continued capital spending discipline have created uncertainty with respect to the impact to oilfield service companies’ earnings.

Download the Sequeira Energy Synopsis – May 2019