In this latest update, we delve deeper into the shale industry in particular and overall oil markets in general. The Monday Macro View discuss the possible implications for the US oil industry under Harris while Avik’s brilliant work look at various fracking companies in detail.
1. MMV: Oil Industry Under Harris – PREMIUM
For this week’s Monday Macro View, we will delve into the latest developments in the U.S. oil industry. The narrative surrounding U.S. oil production and the potential impact of Vice-President Kamala Harris’s energy policies is gaining significant attention, especially in light of recent data and market trends.
2. NOV: Q2 Take Three – PREMIUM
During Q2, NOV (NOV) agreed to deploy its Downhole Broadband Solutions (DBS) wired drill pipe technology and services. The Energy Equipment segment outperformed due to higher demand for aftermarket products and services, a higher backlog, and cost-reduction initiatives. NOV’s cash flow from operations turned significantly positive in 1H 2024. Read more about NOV in this latest update by Avik.
3. Market Sentiment Tracker: China’s Economy- glass half full, half empty – PREMIUM
The economic signals from the U.S. continue to be a mixed bag. June’s Existing Home Sales are forecasted to drop by 3.0% m/m, following May’s 0.7% decline, indicating ongoing challenges in the housing market. China’s economic performance presents a nuanced picture. The Q2 GDP growth slowed to 4.7%, down from Q1’s 5.3%, and retail sales missed expectations, rising only 2% versus the forecasted 3.3%. The Eurozone’s economic landscape is a blend of challenges and opportunities. On the bearish side, Germany’s industrial output declined by 2.5% m/m and 6.7% y/y, with industrial orders falling 1.6% in May.
4. Primary Vision Insights – ENTERPRISE
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