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Tom McNulty in Rigzone: Crude Oil Down Despite Rising Tensions

Tom McNulty, Houston-based managing director with Great American Group, remarked that the reported attack on two Saudi oil tankers and the U.S.-China trade issue appear to have had opposing effects on price movements.

Metals Monitor – May 2019

Steel prices continue to seek the bottom. Meanwhile, higher supplies and renewed trade concerns began to soften base metal pricing at the start of the second quarter.

Tom McNulty in Rigzone: GOM Decommissioning Scene is Changing

“The oil price declines that hit us in 2015-2016 caused many GOM production assets to become uneconomical,” Tom McNulty, Houston-based managing director of Great American Group, told Rigzone. “As such, low-hanging fruit – in shallow waters – was the recent focus and that aspect of D&A is less capital-intensive to do.”

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