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Brexit: economic and energy implications Jun 2016

Brexit: economic and energy implications

Last Thursday's vote has already claimed the UK Prime Minister, and may trigger a UK general election and second Scottish independence referendum. Implications for the UK economy are severe, but the turmoil will spill into the EU and global economy with ramifications for commodity markets.

Lower 48 rig count: have we seen the bottom? Jun 2016

Lower 48 rig count: have we seen the bottom?

As operators become more comfortable in the tough market climate and its slow climb out of oil price collapse, their budgets for 2016 are set and the threshold for new development is within sight. With two weeks of rig-count climb behind us, is it possible that we've finally seen the bottom? Our analysts examine the current conditions in this week's report.