27
May

Wrap – Week Ended 05/24/24

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We take time to honor the US fallen service men and women on this Memorial Day. We cannot thank them or their families enough.

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The ZLT was off 1.2% on the week last week and is up 14.5% YTD.

Questions and comments under The Wrap will be addressed in the Tuesday post. Questions about the site may be directed to zman@zmansenergybrain.com

Have a peaceful weekend,

Z

3 Responses to “Wrap – Week Ended 05/24/24”

  1. 1
    zman Says:

    the Desk consensus EOS falls to 3,879 Bcf. New low for them and just below us now.

  2. 2
    Crysball Says:

    Peak OIL DEMAND still a decade away…..Goldman Sachs

    https://www.investing.com/news/stock-market-news/peak-oil-demand-still-a-decade-away-goldman-sachs-analysts-say-3457697

  3. 3
    Crysball Says:

    Iran’s interim President approves an increase in crude oil production from 3.6 mm bopd to 4.0 mm bopd………no time frame given……..HOWEVER, Iran is experiencing a BRAIN DRAIN of of oil & gas TECHNICAL TALENT due to:
    -Low wages (engineers $1,700/mo
    -High Inflation
    -Poor housing
    So 4.0 mm bopd may be Wishful Thinking…….at least in the near term.

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