Sentences with phrase «oil rig count»

The US oil rig count fell by the most in two months this week, by 21 to 524, according to oilfield services giant Baker Hughes.

The US oil rig count increased by five units in the week to April 20, bringing oil rigs to 820, according to Baker Hughes.

Last week, Baker Hughes, Inc. reported that the U.S. oil rig count grew by 11 last week, landing at 758 rigs — a three year high.

The U.S. oil rig count increased by five rigs last week, as U.S. producers are responding to higher prices and demand; but the real reason for weakness in oil may have been the fact that refinery maintenance is slowing the ravenous U. S. appetite for crude oil temporarily.

The Baker Hughes oil rig count for the United States increased on Friday for the 10th consecutive week to 809 operating rigs, resulting in a 20 - rig increase from the week before and a 345 - rig addition in the past 12 months.

U.S. crude oil futures settled slightly higher at $ 51.67 a barrel after the weekly oil rig count rose by 6 rigs to 750.

Active oil rig counts continue to fall, and are at their lowest level since August» 99.

Every USDCAD trader should stick to releases connected to the oil industry, i.e. OPEC production levels and meetings, US oil rig count, inventories levels, and others.

The catalysts for last week's rally: a further drop in the U.S. oil rig count, which indicates supplies may tighten and push prices higher, as well as the GDP acceleration in Europe.

Although the oil rig count has been rising, US production is still down year - on - year, reflecting some continued caution and weakness among the largest producers.

Last week, the oil rig count fell for the first time in four months, by two to 441.

Baker Hughes said the oil rig count netted an increase of 14 rigs to 631 overall, while the natural gas rig count rose by six to 157 and one miscellaneous rig was added.

The OPEC deal could provide an incentive for North American shale producers to crank up output, evidenced by a growing oil rig count.

In the latest report by Baker Hughes dated April 28, 2017, the oil rig count reached 697, a huge increase from the lows of 316 in May 2016.

Oil rig counts are bound to rise now that oil seems to have halted its decline and given the demonstrated slowing decline in the active global fleet.

The oil rig count, as reported by Baker Hughes, has advanced for the third consecutive week, after 29 straight weeks of declines.