Monday Macro View – Spreads continue to rise
The latest Primary Vision data confirms what the broader directional trend was already suggesting: last week's modest pullback in completion activity was a data point, not a pattern. Frac Spread Count rose by four spreads to 169, and Frac Job Count also registered gains. But what are the shale executives thinking? Dallas Fed latest survey points to another direction but our data suggests otherwise. We have been here before. Investigate further in this week’s Monday Macro View.*
Market Sentiment Tracker – Wednesday data to set direction for the year
You had the advance GDP estimate for Q1, core PCE, the Fed rate decision, and Powell speaking live on Wednesday (29th April’26), all on the same day. Then we also have the mega cap earnings. A data packed week. But what does this all mean for the wider economy? Will Fed increase rates? What about U.S. GDP growth? Impact of war? Read all of this in our Market Sentiment Tracker*.
Take Three: NOV and BP
NOV is entering a new capital equipment cycle. What will it entail? Has the company secured any new projects? What about the cashflow and dividend situation? Our Take Three offers more insights into these questions. We also did a deep dive for BP. They signed a new exploration bloc but where? We also investigate the recent profits, income from various segments most importantly oil trading and upstream earnings. Read the full Take Three here to learn more.
Free Read: Is UAE ready for frac’ing now?
The biggest news this week was, of course, UAE leaving OPEC. While everyone is talking about the expected increase in production and why did they do it, we are asking the most important question: are they ready to frac now? Which American firms are moving their equipment there? Read our Free Read this week.
If You’re Still Relying on Lagging Data, You’re Already Behind. EFRACS shows where activity is moving before production reacts.
Get Access to EFRACS: efracs.com