The total number of total active drilling rigs in the United States fell by 5 this week, after a 6-rig increase last week, according to new data from Baker Hughes published Friday.
Saudi output cuts helping drive up global oil markets
HOUSTON, July 12 (Reuters) - Prices for sour crude oil have climbed globally this month after top exporter Saudi Arabia hiked prices and expanded production cuts of higher-sulfur oil in the first sign its efforts to prop up global prices is having an impact.
U.S. Drillers Add Gas Rigs As Oil Rig Count Slips Further
Editor OilPrice.com
Fri, July 7, 2023 at 7:12 PM GMT+3·2 min read
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The total number of total active drilling rigs in the United States rose by 6 this week, after falling by 8 last week, according to new data from Baker Hughes published Friday.
Since the surprise OPEC+ production cuts in April, analysts have made the mistake of assuming supply interventions are necessarily bullish despite their implications.
U.S. Oil And Gas Rig Counts Decline For Second Consecutive Month
The total number of total active drilling rigs in the United States fell by 8 this week, according to new data from Baker Hughes published Friday, falling by 74 rigs over the last two months.
U.S. Oil And Gas Rig Counts Decline For Second Consecutive Month
The total rig count in the United States has dropped to 674 this week, which is 76 rigs fewer than this time last year and 401 fewer than the count at the beginning of 2019, before the pandemic.
The total number of total active drilling rigs in the United States fell by 5 this week, according to new data from Baker Hughes published Friday, falling by more than 70 rigs over the last two months.
Could oil fall below $60? Here’s what’s moving crude prices
Global oil analyst Osama Rizvi of Primary Vision Network shares with Yahoo Finance’s Angela Barnes where he thinks oil prices could be heading - and the key events investors should be watching that could cause a market shift.
The total number of total active drilling rigs in the United States fell by 8 this week, according to new data from Baker Hughes published Friday, falling by 57 from in the last six weeks.
Natural Gas Production In The Permian Basin Hit A Record High In 2022
Natural gas production in the Permian Basin hit a record in 2022, the Energy Information Administration reported, with the total at 21 billion cubic feet daily.
Analysts: Frac spread count declining along with rig count
Analysts watching the frac spread count – the number of pressure pumping crews at work completing wells – have noticed a shift fueled by commodity prices.
The total number of total active drilling rigs in the United States fell by 1 this week, according to new data from Baker Hughes published Friday, falling by 53 over the last five weeks.
In this episode Osama Rizvi talks about falling credit impulses and why are they important. He also highlights other factors that are contributing to the overall slowdown in economic growth.
Oil Rebounds As U.S. Drillers Continue To Pull Back
The total number of total active drilling rigs in the United States fell by 9 this week, according to new data from Baker Hughes published Friday, after falling by 11 last week and 17 the week before that.
While the EIA and others see U.S. shale production rising through the end of 2024, there are some worrying signs that production may already be slowing.
U.S. Drilling Rigs Swing To Annual Loss For First Time In Years
The total number of total active drilling rigs in the United States fell by 11 this week, according to new data from Baker Hughes published Friday, after falling by 17 last week.
Oil, Gas Drilling Activity In U.S. Sees Largest Single-Week Drop Since Mid-2020
The total number of total active drilling rigs in the United States fell by 17 this week, according to new data from Baker Hughes published Friday, after falling by 7 last week. It is the largest single-week drop in the number of oil and gas rigs in the United States since June 2020.