O&G INDUSTRY ANALYSIS DASHBOARD (MAY 2018)

Gasoline demand in March w as up U.S. electric pow er consumption of fossil fuels WTI is $3.21 below the Middle East crude oil
9.4 million bpd, up 1% from the prior is at its low est level since 1994 (22.5 price. The price spread betw een the tw o
year per the EIA’s Production report. quadrillion btus). The declining trend is driven crudes w ill be w atched closely as investors
Additionally, natural gas production in by a decrease in the use of coal and and speculators w ait for the effects of
the low er 48 states rose to an all time petroleum, slightly offset by the increase in use President Trump’s renew ed sanctions
Trending high. Meanw hile, production in Texas of natural gas. The EIA predicts that natural against Iran’s oil exports. A low er U.S
rose by 4% to almost 4.2 million bpd, gas pow er plants may surpass coal fueled benchmark price could make WTI exports
Topics a record high since 2005. (More) pow er plants, as early as December. (More) attractive to Asian im porters. (More)

Important Prices Stock Tracker Futures Contracts

As of 05/31 % Change Futures Price

Mom entum As of 2018 Mar 29 April 30 May 31 As of 06/01
($/barrel) Mo-to-Mo of Crude Oil
XOM $74.61 $77.75 $81.24 Average 2019 $67.37
WTI Crude Oil
($/barrel) $68.21 0.5% Average 2020 $60.61
RDSA $62.97 $69.98 $69.58

BP $40.54 $44.59 $45.82

Natural Gas U.S. Rig Count
($/Mn BTU)
$2.95 6.9%
OXY $64.96 $77.26 $84.20
% Change
STOHF $22.82 $24.44 $24.94 As of 06/01
Mo-to-Mo

PE $28.99 $30.03 $29.48 1,059 2.74%

Oil Production & Consumption

U.S. May 2018 (Per

Global Q2’18
Barrels (MN bbl/day) Day)
(Forecasted)
As of 06/01
Total Production (Crude oil) 10.72 100.27
Total Consumption 20.37 99.84
Production – Consumption 9.65 Shortage 0.43 Excess
% Change in Production Mo-to-Mo 0.28% 0% (Q-to-Q)
% Change in Production Yr-to-Yr 15.22% 2.53%

© 2018 Protiviti – Confidential. Protiviti is not licensed or registered as a public accounting firm and does not issue opinions on financial
1 statements or offer attestation services. All registered trademarks are the property of their respective owners.
SOURCES

Statistics Trending Topics U.S. Rig Count

• http://markets.businessinside • https://www.oilandgasinvesto • http://phx.corporate-

r.com/commodities/oil- r.com/report-us-oil-output- ir.net/phoenix.zhtml?c=7968
price?type=wti jumps-record-high-march- 7&p=irol-rigcountsoverview
• https://www.nasdaq.com/mar 1704031
kets/crude- • https://www.eia.gov/todayine
oil.aspx?timeframe=1m nergy/detail.php?id=33543
• http://www.cmegroup.com/tra
ding/energy/crude-oil/light- • http://www.worldoil.com/new
sweet-crude.html s/2018/5/16/us-oil-gets-
cheaper-versus-mideast-
• http://markets.businessinside crude-after-iran-sanctions
r.com/commodities/natural-
gas-price
• Stock tracker Historic Prices:
− XOM
− RDSA
− BP
− OXY
− STHOF
− PE
• Oil Production/ consumption
Data:
− Data sheet

© 2018 Protiviti – Confidential. Protiviti is not licensed or registered as a public accounting firm and does not issue opinions on financial
2 statements or offer attestation services. All registered trademarks are the property of their respective owners.