Calm Before the Storm - E&P Q1 Earnings Rise Before Price Drop Darkens Q2 Outlook
RBN Energy Blogcast · Nick Cacchione
June 12, 202514m 12s
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Show Notes
Buoyed in part by early optimism about the Trump administration’s potentially positive impact on the economy and the oil and gas industry, the WTI spot oil price reached a five-month high of nearly $76/bbl in January. But the optimism and oil prices have steadily eroded due to the impact of tariffs, trade wars and stubborn oilfield service inflation. In today’s RBN blog, we’ll look at the impact of the January price spike on Q1 2025 earnings and analyze the potential impact of a much lower price scenario in Q2 2025.