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Key Energy Events This Week

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Key energy events

On April 16–20, 2018, the events listed in the following table could impact oil and natural gas prices.

The EIA’s (U.S. Energy Information Administration) Drilling Productivity report is scheduled to be released on April 16. The report could be an important factor for oil and natural gas prices.

The EIA’s oil and natural gas inventory reports scheduled to be released on April 18 and April 19, 2018, respectively, could be important factors for oil and natural gas prices this week.

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Energy stocks and ETFs

Energy stocks like WPX Energy (WPX), Denbury Resources (DNR), and Whiting Petroleum (WLL) could follow any changes in oil and natural gas prices at least in the long term. Energy stocks are often impacted by moves in energy prices in the short term.

On April 6–13, 2018, WPX Energy, Denbury Resources, and Whiting Petroleum rose 16%, 6.1%, and 14.6%, respectively. During this period, US crude oil May futures and natural gas May futures rose 8.6% and 1.3%, respectively.

Energy ETFs like the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) and the Energy Select Sector SPDR ETF (XLE) contain energy stocks. Any changes in oil and natural gas prices might be important for XOP and XLE. In the week ending April 13, XOP and XLE rose 7.8% and 6%.

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