Wednesday , May 18 2022

Falling Rig Count It can not stop Oil Price Slide


Oil platform

Baker Hughes presented a 3-dimensional drop in oil and gas in the United States this week. The number of active oil and diesel drilling is currently at 1,076, according to the report, the number of active oil rigs is 2 and it will reach 887 and the number of gas engines in the 5th year 189.

The oil and gas equipment counting now stands at 147, of which 138 are in the oil platforms.

Oil prices remained stable on Friday and, during the fifteenth year of the year, oil prices were accelerating, the fears of excess supply and the growth of demand slowed. We expect that OPEC + will reduce oil production on December 6 and 7. .

The WTI reference trade has dropped 0.35% (-0.18) at $ 51.27 at 12:42 p.m. EST to $ 4 a day barrel weekly per week. Brent Oil fell 0.45% (-0.27) to $ 59.64 and dropped to just $ 4 a barrel.

This week, Canadian oil and gasoline stations added 5 platforms this week to week 5, and the total number of petrol and gas equipment was 199, which is 23 less than the year before. Oil rigs and gas astronomers for gas platforms.

EIA estimates that production in the United States continues to peak at prices at weekends ending November 23, an average of 11.7 million bpd, followed by the third consecutive week, and the United States's highest production rate.

1:07 pm EDT, WTI rose more sharply, down 0.43% (- $ 0.22) to $ 51.23 a day. Brent oil fell by 0.52% (-0.31%) to $ 59.60 per month.

Julianne Geiger through

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