Monday Macro View – Weather hits U.S. frac activity
U.S. frac activity recorded one of its sharpest weekly declines in recent months, with both frac spreads and job counts falling by 15 week over week. The move coincided with a prolonged winter weather event that disrupted logistics, power availability, and crew mobility across several basins. But does this reflect weakening operator intent, or simply activity deferred by weather? We place the decline in historical context and examine what typically follows weather-driven dislocations. Read our Monday Macro View to find out more.
Market Sentiment Tracker – Trillions wiped off markets
Global markets sold off sharply despite loose financial conditions, with the most extreme moves concentrated in precious metals and leveraged exposure. If liquidity remains ample, why did risk unwind so quickly? And what does this episode reveal about late-cycle market fragility? We answer these questions in this week’s Market Sentiment Tracker.
RES & Weatherford – Q4 Take Three
Q4 results from RES and Weatherford highlight diverging pressures within oilfield services. RES faced margin compression as U.S. activity softened late in the quarter, while Weatherford benefited from steadier international completions demand supporting utilization. Is value shifting away from U.S. land volatility toward international and production-linked exposure? We break this down in our Take Three series for RES and Weatherford.
AI & Power Series – Evidence replaces narrative
The AI power theme is entering a new phase. Disclosed capacity, contracted megawatts, and organizational commitment are starting to separate leaders from aspirants. Which companies are moving first, and where does execution risk still dominate? Read Part 2 of our AI and Power Series for more.
Free Read – Oil markets balancing risk and surplus
This week’s Free Read examines falling U.S. frac counts, resilient oil prices, and renewed geopolitical risk around Russian and Middle Eastern supply. Can near-term support offset a surplus later this year? Read the full piece to see how these forces interact.
If You’re Still Relying on Lagging Data, You’re Already Behind. EFRACS shows where activity is moving before production reacts.
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