Energy Daily-06/15/2026

Research evidence excerpt

Energy Daily-06/15/2026

Energy Daily

15 JUN 2026

Today’s highlights: Oil Service: Middle East peace and impact on oil service Commodity prices Last 6 days Last price -1 day -1 week -1 month 18-May1M high 12-Jun1M low

equities. Also covered: E&P spending, BWO, Subsea. BrentWTI (bbl)Crude (bbl) $$ 83.580.6 -5.0-4.4 %% -11.7-11.4 %% -16.5-13.3 %% 112.1105.4 84.987.3

Dutch TTF Gas $/MMBtu 15.9 -5.4 % -3.4 % -1.2 % 17.6 15.7

Oil Service – Middle East peace and impact on oil service equities UKHenryNatHubGasNat Gas $/MMBtu$/MMBtu14.23.1 -5.11.0 %% -11.40.6 %% -8.37.2 %% 17.03.3 14.92.8

CO2 price EUR/t 77.2 0.0 % 0.3 % 1.8 % 80.6 74.9• President Trump announced that a deal with Iran has been completed, UK electricity (1M) £/MWh 101.2 -4.4 % -2.0 % 3.4 % 106.0 97.8 Brent and Nat. gas in USD/boe Equivalent** last 3Y CO2 price last 3Y

following more than 100 days of conflict in the Middle East. The oil price is USD/boe EUR/t

down to USD ~83/bbl 135120 10090

80 105• During the conflict, the impact across the oil service sector has been relatively 70

muted, although some names have outperformed on the back of higher oil 75 60

60 40 prices and/or positive news flow. 50

• Among the outperformers, TGS is up ~35%, while US land drillers are up 4530 3020

~25% on average, supported by stronger oil prices driving onshore US 150 100

Jun-25 Jun-26 Jun-24 Jun-25 Jun-26 Jun-23 Jun-24 activity. Jun-23 CO2 Price Dutch TTF Brent

• As long as oil prices remain in the USD 70–80/bbl range, we see limited Last Total return Short Cons. NTM

downside risk to US onshore activity, as shale focused E&Ps have maintained E&PExxonMobil 6 days Last$ price147.0 -10.3day% -1-3.1week% 23.9YTD% interest1.0% 13.7xP/E