Monday Macro View - Frac Utilization Rate is Up
Frac Spread Count jumped by 2 and now stands at 172. Frac Job Count is also up. Both indicators have stayed on a recovery path since end of February. Will the current price increase help them touch new highs in 2026? For that, we turn to understanding the Frac Supply structure. Where is the Horsepower deployed? What is the number of operators? Most importantly what is the Frac utilization rate? Read our Monday Macro View to find out answers to all of these.*
Market Sentiment Tracker - Did anyone look at China’s import numbers?
China's exports grew 21.8% in January–February. The forecast was 7.1%. Most coverage stopped their record surplus, strong number, moving on. But the imports line came in at +19.8% against a 6.3% consensus, and that combination is what, actually warrants a closer look. Why did we see such a big jump in imports? What it means for domestic demand? Read Market Sentiment Tracker* to find out more.
Special Report: How is Hormuz crisis shaping our food supply?
Everyone is talking about oil and gas when it comes to Hormuz but it is also important to know that it serves as a node for global fertilizer and urea supply. For years, we have been sounding the alarm on fertilizer cost and availability. The current crisis makes it worse. While volumes are stuck, there will also be countries that “block” the export of a vital nutrient, which we’ve already seen out of China. What will this turn into? How will it impact global food prices? Mark Rossano, our senior analyst and economist, answers this question. Click here to read the full report.
Free Read - All barrels are not equal
The IEA's coordinated release of 400 million barrels has been described as the largest emergency stockpile drawdown in the agency's 52-year history. However, the question was never whether 400 million barrels existed somewhere in government storage. The question is how many of those barrels can actually run in the refineries that are running short. Confused? Read our FREE READ to learn why there is more than just the number of barrels that we need to be aware of.
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