The latest issue of our monthly Energy Equipment & Services Report, highlighting trends in M&A, financing and capital markets for private and public companies in the energy market, is now available.
- Crude prices declined from their August highs but remained within the $40-$50 range
- The August heat wave led to record-setting power demand across the U.S., particularly in ERCOT
- Refinery demand for crude remains relatively weak due to elevated inventories and scheduled outages
- U.S. rig count slightly rose, but domestic crude production continued to decline