Post Tagged with: "Rig counts"

OPEC a Year Later: Who Will Adapt and Survive?

OPEC a Year Later: Who Will Adapt and Survive?

A shot heard round the world

Last November 27, OPEC sparked the decline in crude oil prices that would see both international benchmark Brent crude, and U.S. benchmark WTI crude, lose more than 50% of their value. The group decided …

United States Rig Count Approaching 800 Following Largest Drop since April

United States Rig Count Approaching 800 Following Largest Drop since April

Oil Rigs Reach New Five-Year Low

A few months ago, speculation of a rig count trough offered promise of the oil industry bottoming out. Since then, oil prices seem to have stabilized, but rig counts are a different story.

The …

October 2, 2015 - 6:38 pm Chart of Week, Commodity Pricing, Oil and Gas 360 Articles
Oil Rig Counts Climb for first time in 29 Weeks

Oil Rig Counts Climb for first time in 29 Weeks

Baker Hughes (ticker: BHI) released its weekly rig count tally on Thursday, July 2 – one day earlier than normal in consideration of the July 4th Independence Day holiday. The United States added three rigs to its fleet in …

July 2, 2015 - 6:14 pm Commodity Pricing, Oil and Gas 360 Articles

Rig Counts Down 2% Since the Beginning of the Month

Baker Hughes Rig Count for the week ended May 15, 2015

Rig counts fell for another consecutive week to 888 active rigs in the United States, representing a 1% decline from last week’s rig count of 894, according to the

Oil Prices Break $60

Oil Prices Break $60

WTI continues climb

West Texas Intermediate’s slow climb from lows of $43.46 in March reached a 2015 milestone today. The U.S. crude benchmark gained more than 3% on May 5, taking WTI over the $60 per barrel mark for the …

May 5, 2015 - 6:30 pm Oil and Gas 360 Articles
Saudi Arabian Rig Counts Up

Saudi Arabian Rig Counts Up

Rig counts spike in Saudi Arabia, continue to fall in the U.S.

The most recent report from Baker Hughes (ticker: BHI) shows the fifteenth straight week of declining rig counts in the United States, but rig counts in Saudi Arabia …

March 23, 2015 - 12:51 pm International, Oil and Gas 360 Articles, OPEC