Rig counts fell in the US while they inched up in Canada for the week ended May 26 vs. the week prior, according to the latest data from oilfield services company Baker Hughes. The total US rig count stands at 711 active rigs as of May 26, down nine from the previous week. The number of active oil rigs in the US fell […]
Rig counts fell in both the US and Canada for the week ended May 19 vs. the week prior, according to the latest data from oilfield services company Baker Hughes. The total US rig count stood at 720 as of May 19, down 11 from the previous week. The number of active oil rigs in the US fell by 11 to 575 […]
Rig counts dropped in the US for the second straight week and inched up by one rig in Canada vs. the previous week, according to the latest data from oilfield services company Baker Hughes. The total US rig count was 731 for the week ended May 12, down 17 from last week. The number of active oil rigs in the US fell by two […]
Rig counts fell in the US and remained flat in Canada vs. the previous week, according to the latest data from oilfield services company Baker Hughes. The total US rig count was 748 for the week ended May 5, off seven rigs from the previous week. The number of active oil rigs in the US fell by three to 588 in the same comparison. Gas rigs were […]
For the second consecutive week, rig counts were up in the US and down in Canada, according to the latest data from oilfield services company Baker Hughes. The total US rig count was 755 for the week ended April 28, up two rigs from last week. The number of active oil rigs in the US remaind flat at […]
Rig counts continue to fall in the US and Canada, according to the latest data from oilfield services company Baker Hughes. The total US rig count was 748 for the week ended April 14, down three rigs from the week prior. The number of active oil rigs in the US dropped by two from the prior week’s 588. The […]
Rig counts dropped this week in the US and Canada, according to the latest data from oilfield services company Baker Hughes. The total US rig count was 751 for the week ended April 6, down four rigs from the week prior. The number of active oil rigs in the US dropped by two from the prior week’s 592. The […]
What should we make of Cleveland-Cliffs’ price increase, and will it stick? We’ve asked some of you to weigh in on that, and we’ll publish your feedback on Thursday. Here is some initial reaction I’ve received in the meantime. Some market contacts stress that a spot price increase from a company not heavily involved in the […]
Rig counts are down in the US and Canada this week, according to the latest data from oilfield services company Baker Hughes. The total US rig count was 755 for the week ended March 31, down three rigs from the week prior. The number of active oil rigs in the US dropped by one from the prior week’s 593. The […]
Rig counts dropped in Canada but increased again in the US this week, according to data from oilfield services company Baker Hughes. The total US rig count was 758 for the week ended March 24, up four rigs from the week prior. The number of active oil rigs in the US increased to 593 from the prior week’s […]
Rig counts dropped in Canada and rose in the US this week, according to data from oilfield services company Baker Hughes. The total US rig count was 754 for the week ended March 17, up eight rigs from the week prior. The number of active oil rigs in the US fell by one to 589 from the […]
Rig counts dropped in Canada and the US this week, according to data from oilfield services company Baker Hughes. The total US rig count was 746 for the week ended March 10, down three rigs from the week prior. The number of active oil rigs in the US fell to 590, down two from the prior […]
The international rig count was up by 14 in February, helping to offset recent declines in the US, according to data from oilfield services company Baker Hughes. The total US rig count was 749 for the week ended March 3, down four rigs from the week prior. The number of active oil rigs in the US […]
The US and Canadian rig counts decreased again last week, but they remain elevated compared to a year ago, according to data from oilfield services company Baker Hughes. The total US rig count was 753 last week, down seven rigs from the week prior. The number of active oil rigs in the US fell to 600 […]
The US and Canadian rig counts decreased slightly last week, but they remain sharply up compared to a year ago, according to data from oilfield services company Baker Hughes. The total US rig count was 760 last week, down one from the week prior. The number of active oil rigs in the US slipped to 607 […]
Editor’s note: Steel Market Update is pleased to share this Premium content with Executive members. For information on how to upgrade to a Premium-level subscription, email info@steelmarketupdate.com. The Energy Information Administration’s (EIA) January Short-Term Energy Outlook (STEO) was released earlier this month, forecasting spot prices, production, and inventories for crude oil and natural gas. It […]
The Canadian rig count increased again, and US rig count was unchanged, according to data from oilfield services company Baker Hughes. The number of oil and gas rigs in operation is important to the steel industry because it is a leading indicator of demand for oil country tubular goods (OCTG), a key end-market for steel […]
Canadian drilling rig numbers rose again this past week, while the number of working rigs in the US edged down slightly, according to data from oilfield services company Baker Hughes. The number of oil and gas rigs in operation is important to the steel industry because it is a leading indicator of demand for oil country […]
Canadian drilling rig numbers continue to climb, and the number of working rigs in the US is back up, according to data from oilfield services company Baker Hughes. The number of oil and gas rigs in operation is important to the steel industry because it is a leading indicator of demand for oil country tubular goods […]
Canadian drilling rig numbers have made a post-holiday rebound, while working rigs in the US declined, according to data from oilfield services company Baker Hughes. The number of oil and gas rigs in operation is important to the steel industry because it is a leading indicator of demand for oil country tubular goods (OCTG), a key […]
The number of active Canadian drilling rigs dropped for the second week in a row, while rigs in the US stayed the same, according to data from oilfield services company Baker Hughes. The number of oil and gas rigs in operation is important to the steel industry because it is a leading indicator of demand for […]
The number of active Canadian drilling rigs dropped significantly this week, while rigs in the US increased slightly, according to data from oilfield services company Baker Hughes. The number of oil and gas rigs in operation is important to the steel industry because it is a leading indicator of demand for oil country tubular goods (OCTG), […]
The number of active drilling rigs dipped this week in the US and in Canada, according to data from oilfield services company Baker Hughes. The number of oil and gas rigs in operation is important to the steel industry because it is a leading indicator of demand for oil country tubular goods (OCTG), a key […]
The number of active drilling rigs remained flat this week in the US and increased by one in Canada, according to data from oilfield services company Baker Hughes. Counts have been trending in different directions in recent weeks. Drilling activity in the US continues to improve, although it is still not back to pre-Covid levels. The […]
The Energy Information Administration’s (EIA) October Short-Term Energy Outlook (STEO) was released earlier this month, forecasting spot prices, production, and inventories for crude oil and natural gas. Crude oil prices are forecast to remain stable through the first quarter of 2023, while natural gas prices are expected to decline slightly after January. The EIA continues […]
The number of active drilling rigs increased this week in both the US and Canada, according to data from oilfield services company Baker Hughes. Counts have been trending in different directions in recent weeks. Drilling activity in the US continues to improve, although it is still not back to pre-Covid levels. Canadian rig counts have been […]
The number of active drilling rigs was mixed this week, with counts increasing in the US and falling in Canada, according to data from oilfield services company Baker Hughes. Activity in the US and Canada has held steady in recent weeks but is not quite back to pre-Covid levels. The number of oil and gas rigs […]
The number of active drilling rigs were mixed this week, with counts increasing in the US and falling in Canada, according to data from oilfield services company Baker Hughes. Activity in both the US and Canada has leveled out over the last two weeks and is not quite back to pre-Covid levels. The number of […]
The Energy Information Administration’s (EIA) October Short-Term Energy Outlook was released earlier this month, forecasting spot prices and production for crude oil and natural gas. Crude oil prices are forecast to remain near current levels for the remainder of this year and to slightly increase in 2023. Natural gas prices are expected to rise slighly […]
The number of active drilling rigs declined in the US this week, while Canadian counts increased, according to data from oilfield services company Baker Hughes. Activity in both the US and Canada has leveled out in recent weeks. The number of oil and gas rigs in operation is important to the steel industry because it […]