April energy market update

In this Premium analysis we cover North American oil and natural gas prices, drilling rig activity, and crude oil stock levels.

The Energy Information Administration’s (EIA) April Short-Term Energy Outlook (STEO) was released earlier this month, forecasting spot prices, production, and inventories for crude oil and natural gas. Crude oil prices are forecast to rise slightly through the second quarter of this year, while natural gas prices are expected to remain historically low due to excess inventory. You can view the latest EIA Short-Term Energy Outlook here.

Brett Linton

Brett Linton is a digital operations analyst for Steel Market Update, where he began his career. Linton has been in the steel industry since 2010. He has held roles as a category manager and strategic insights director at Reibus before returning to SMU in 2024. He is a graduate of The University of North Georgia with a degree in Finance and Accounting. Brett can be reached at brett@steelmarketupdate.com or 724-314-0179.