Monday , May 20 2019
Home / canada / U.S. Pat. Oil Rig Count decreases to 14-month minimum

U.S. Pat. Oil Rig Count decreases to 14-month minimum



Baker Hughes once again entered the United States after losing in the weeks before, keeping the total number of heavy duty vehicles well below the level a year ago for the sixth week in a row. ,

The total number of active oil and gas wells in the United States dropped 1, according to reports, with the number of active oil platforms dropping from 3 to 802, and the number of gas platforms increased by 2 to 185.

The combined number of oil and gas facilities is 987, with oil seeing a 42-year collapse a year earlier, and gas facilities have fallen by 15 this year last year. The combined number of oil and gas facilities decreased by 59 per year.

Since the beginning of the year, the number of oil facilities has dropped from 877 active facilities on January 4 to 802, while gas facilities have fallen from 198 to 185 at the same time. Oil platforms are now their lowest prices since March 2018, according to Baker Hughes.

At 12:43 EST, moments before the data were released, the WTI traded slightly with $ 0.08 (-0.13%) to $ 62.79 but up to $ 1 a barrel during the week as the current market received mixed messages after the oil tanker attacks near the Hormuz Strait, Saudi Arabia pipeline attacks, escalating trade tensions between China and the US, and signs that global oil demand may simply be disappointing.

The Brent Benchmark also traded $ 0.58 (-0.80%) to $ 72.04, but rose by about $ 1.50 a week.

Oil production in the US also fell for two weeks in a row, as the week ended May 10 and amounted to 12.1 million barrels per day – 200,000 barrels per day from a high of April 26 to 12.3 million barrels.

The number of channels in Canada is stable at 63, with neither oil nor gas losing or gaining. Canadian oil platforms have now dropped 16 years a year, with gas facilities 4 per year.

WTI traded 0.13% on the day at 13:11 EST, with Brent declining by 0.83%.

By Julian Geiger for Oilprice.com

Most read by Oilprice.com:


Source link