Data from July 7, 2017, shows the U.S. rig count for the week was 952 rigs exploring for or developing oil or natural gas. The last time U.S. rig counts were this high was in early 2015, reports oilfield services company Baker Hughes Inc. This is up 12 rigs compared to last week, with oil […]
According to Baker Hughes data from June 30, 2017, the U.S. rig count for the week was 940 rigs exploring for or developing oil or natural gas. This is down 1 rig compared to last week, with oil rigs down 2 to 756 rigs, gas down up 1 to 184 rigs, and miscellaneous rigs unchanged […]
According to Baker Hughes data from June 23, 2017, the US rig count for the week was 941 rigs exploring for or developing oil or natural gas. This is up 8 rigs compared to last week, with oil rigs up 11 to 758 rigs, gas down up 3 to 183 rigs, and miscellaneous rigs unchanged […]
The prices of oil and natural gas drive the consumption of oil country tubular goods (OCTG) and related steel products. The energy markets represent a large portion of the hot rolled coil used to make welded tubular goods, as well as equipment used to drill and pump oil and natural gas. On June 12, George […]
According to Baker Hughes data from June 9, 2017, the US rig count for the week was 927 rigs exploring for or developing oil or natural gas. This is up 11 rigs compared to last week, with oil rigs up 8 to 741 rigs, gas rigs up 3 to 185 rigs, and miscellaneous rigs unchanged […]
According to Baker Hughes data from June 2, 2017, the US rig count for the week was 916 rigs exploring for or developing oil or natural gas. This is up 8 rigs compared to last week, with oil rigs up 11 to 733 rigs, gas rigs down 3 to 182 rigs, and miscellaneous rigs unchanged […]
According to Baker Hughes data from May 26, 2017, the US rig count for the week was 908 rigs exploring for or developing oil or natural gas. This is up 7 rigs compared to last week, with oil rigs up 2 to 722 rigs, gas rigs up 5 to 185 rigs, and miscellaneous rigs unchanged […]
The following article on the hot rolled coil (HRC) futures markets was written by David Feldstein. As the Flack Global Metals director of risk management, Dave is an active participant in the hot rolled coil (HRC) futures market and we believe he will provide insightful commentary and trading ideas to our readers. Besides writing futures […]
The prices of oil and natural gas drive the consumption of oil country tubular goods (OCTG) and related steel products. The energy markets represent a large portion of the hot rolled coil used to make welded tubular goods as well as equipment used to drill and pump oil and natural gas. Figure 1 shows historical […]
According to Baker Hughes data from May 12, 2017, the US rig count for the week was 885 rigs exploring for or developing oil or natural gas. This is up 8 rigs compared to last week, with oil rigs up 9 to 712 rigs, gas rigs down 1 to 172 rigs, and miscellaneous rigs unchanged […]
According to Baker Hughes data from May 5, 2017, the US rig count for the week was 877 rigs exploring for or developing oil or natural gas. This is up 7 rigs compared to last week, with oil rigs up 6 to 703 rigs, gas rigs up 2 to 173 rigs, and miscellaneous rigs down […]
According to Baker Hughes data from April 28, 2017, the US rig count for the week was 870 rigs exploring for or developing oil or natural gas. This is up 13 rigs compared to last week, with oil rigs up 9 to 697 rigs, gas rigs up 4 to 171 rigs, and miscellaneous rigs unchanged […]
US Steel stunned analysts and the financial community on Tuesday/Wednesday when the company announced a large loss when the street was expecting the company to make money. During the conference call the mill advised that they essentially need to upgrade their facilities in order for the company to remain competitive. The stock price dropped 25 […]
According to Baker Hughes data from April 21, 2017, the US rig count for the week was 857 rigs exploring for or developing oil or natural gas. This is up 10 rigs compared to last week, with oil rigs up 5 to 688 rigs, gas rigs up 5 to 167 rigs, and miscellaneous rigs unchanged […]
The prices of oil and natural gas drive the consumption of oil country tubular goods (OCTG) and related steel products. The energy markets represent a large portion of the hot rolled coil used to make welded tubular goods as well as equipment used to drill and pump oil and natural gas. Figure 1 shows historical […]
According to Baker Hughes data from April 7, 2017, the US rig count for the week was 839 rigs exploring for or developing oil or natural gas. This is up 15 rigs compared to last week, with oil rigs up 10 to 672 rigs, gas rigs up 5 to 165 rigs, and miscellaneous rigs unchanged […]
The following article on the hot rolled coil (HRC) futures markets was written by David Feldstein. As the Flack Global Metals director of risk management, Dave is an active participant in the hot rolled coil (HRC) futures market and we believe he will provide insightful commentary and trading ideas to our readers. Besides writing futures […]
According to Baker Hughes data from March 31, 2017, the U.S rig count for the week was 824 rigs exploring for or developing oil or natural gas. This is up 15 rigs compared to last week, with oil rigs up 10 to 662 rigs, gas rigs up 5 to 160 rigs, and miscellaneous rigs unchanged […]
According to Baker Hughes data from March 24, 2017, the U.S rig count for the week was 809 rigs exploring for or developing oil or natural gas. This is up 20 rigs compared to last week, with oil rigs up 21 to 652 rigs, gas rigs down 2 to 155 rigs, and miscellaneous rigs up […]
The following article on the hot rolled coil (HRC) futures markets was written by David Feldstein. As the Flack Global Metals director of risk management, Dave is an active participant in the hot rolled coil (HRC) futures market and we believe he will provide insightful commentary and trading ideas to our readers. Besides writing futures […]
The shipping season opened on the Great Lakes this month. In general, freight shipments within the U.S. are moving without complications in March. Rate increases have been noted for most seaborne freight with the Baltic Dry Index approaching highs last seen in November 2016. Seaborne Freight The Panama Canal continues to break monthly records for […]
According to Baker Hughes data from March 17, 2017, the U.S rig count for the week was 789 rigs exploring for or developing oil or natural gas. This is up 21 rigs compared to last week, with oil rigs up 14 to 631 rigs, gas rigs up 6 to 157 rigs, and miscellaneous rigs up […]
The prices of oil and natural gas drive the consumption of oil country tubular goods (OCTG) and related steel products. The energy markets represent a large portion of the hot rolled coil used to make welded tubular goods as well as equipment used to drill and pump oil and natural gas. Figure 1 shows historical […]
According to Baker Hughes data from March 3, 2017, the U.S rig count for the week was 756 rigs exploring for or developing oil or natural gas. This is up 2 rigs compared to last week, with oil rigs up 7 to 609 rigs, gas rigs down 5 to 146 rigs, and miscellaneous rigs unchanged […]
The number of oil and natural gas rigs is moving higher and this is good news for the North American steel industry. According to Baker Hughes data from February 24, 2017, the U.S rig count for the week was 754 rigs exploring for or developing oil or natural gas. This is up 3 rigs compared […]
According to Baker Hughes data from February 17, 2017, the U.S rig count for the week was 751 rigs exploring for or developing oil or natural gas. This is up 10 rigs compared to last week, with oil rigs up 6 to 597 rigs, gas rigs up 4 to 153 rigs, and miscellaneous rigs unchanged […]
The prices of oil and natural gas drive the consumption of oil country tubular goods (OCTG) and related steel products. The energy markets represent a large portion of the hot rolled coil used to make welded tubular goods as well as equipment used to drill and pump oil and natural gas. Figure 1 shows historical […]
According to Baker Hughes data from February 3, 2017, the U.S rig count for the week was 729 rigs exploring for or developing oil or natural gas. This is up 17 rigs compared to last week, with oil rigs up 17 to 583 rigs, gas rigs unchanged at 145 rigs, and miscellaneous rigs unchanged at […]
According to Baker Hughes data from January 27, 2017, the U.S rig count for the week was 712 rigs exploring for or developing oil or natural gas. This is up 18 rigs compared to last week, with oil rigs up 15 to 566 rigs, gas rigs up 3 to 145 rigs, and miscellaneous rigs unchanged […]
The prices of oil and natural gas drive the consumption of oil country tubular goods (OCTG) and related steel products. The energy markets represent a large portion of the hot rolled coil used to make pipe and tube as well as equipment used to drill and pump oil and natural gas. Figure 1 shows historical […]