This Week’s Market Buzz

  • Goldman Sachs has reiterated its forecast that Brent crude will hit $80 per barrel this summer as demand quickly recovers. “Rising vaccination rates are leading to higher mobility in the United States and Europe, with global demand estimated up 1.5 million barrels per day (mb/d) in the last month to 96.5 mb/d,” the investment bank said in a note as quoted by Reuters.
  • Brian Dorfman, vice president of operations for PropX, was honored as one of E&P Plus’s 40 under Forty. At just 30 years of age, he has accomplished a great deal- from playing a pivotal role in the development and launch of PropX to his countless contributions to the company and the industry.
  • Local municipalities in Wisconsin will have to return hundreds of thousands of dollars in tax revenue collected from Superior Sands after it negotiated lower property values with state assessors. Municipal governments have been ordered to return more than half a million dollars in property taxes to the company.

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