Sentences with phrase «american rig count»

The Baker Hughes North American rig count report for the latest week is schedule for release at 1:00 p.m. ET.

The North American rig count is released weekly at noon central time on the last day of the work week.

The Baker Hughes North American rig count report for the latest week is schedule for release at 1:00 p.m. ET.

In any case, lower inventories in the short - term should temporarily help supply and demand rebalance, along with the drop in the North American rig count.

Coupled with ongoing declines in the North American rig count — U.S. crude production is now at a two - year low — this helped nudge prices up to levels not seen since July 2015.

Not exact matches

What's more, the number of active North American oil rigs fell by two in the week ended June 30, from 758 to 756 rigs, the first such contraction since January, according to the Baker Hughes Rig Count.

The US oil - rig count plateaued near the highest level in three years and showed signs of declining in late March (to 797), though it still stood 50 rigs above the year - end 2017 total.2 This contributed to expectations for a further increase in American crude production, which has topped 10 mb / d each week since early February, when WTI prices began to recede from their intra-quarterly high of US$ 66.14 a barrel.3 The amount of crude in US storage occasionally exceeded weekly estimates given the higher domestic output and fluctuating net import figures, reigniting fears that US production may thwart OPEC's efforts to clear global oversupply.

A January article in Forbes titled «Trump's American Energy Dominance Agenda Becoming Reality» unintentionally highlighted this paradox, opening with a note that the outlook for American oil is strong, precisely because «the U.S. rig count remains remarkably stable.»