Energy year-end review

Natural gas A busy year for natural gas! Final activation halted on Russian Nord Stream 2 pipeline Russian exports of gas on Nord Stream 1 pipeline a no-go Explosion at Freeport, TX LNG facility EIA inventories continue to lag both 2021 levels and five-year average What to watch for in 2023: Winter weather and drawdown in inventory Ukraine, China's re-opening, and potential recession Crude oil Average price of crude oil 39% above 2021 Record-high gasoline and diesel prices last June Global crude demand to slow but could be offset by China and SPR Be on the lookout for your invite to our upcoming Risk Management webinar! Wednesday, January 25 McKeany-Flavell’s Spring Market Seminar is happening on April 26, 2023! Mark your calendars, registration opens in January! Happy New Year! Host/Expert: Shawn Bingham, Director of Risk ManagementExpert: Jeffrey Rasinski, Consultant