Sentences with phrase «rig count as»

However, this had more to do with supply than demand and was mostly a U.S. phenomenon, driven by the recent stabilization in the U.S. rig count as well the fact that production has remained resilient, despite the pullback in drilling activity.

Not exact matches

SINGAPORE, April 23 (Reuters)- Oil prices dipped early on Monday as a rising U.S. rig count pointed to further increases in the country's output, underlining one of only a few factors holding back crude markets in an otherwise bullish environment.

SINGAPORE, April 23 (Reuters)- Oil prices dipped on Monday as a rising U.S. rig count pointed to further increases in the country's output, underlining one of only a few factors holding back crude markets in an otherwise bullish environment.

All eyes are on OPEC as well as the Baker Hughes rig count today, and while OPEC has concluded its meeting, it has left the market wanting.

Natural Gas Natural gas futures were among the quarter's key decliners -LRB--7.5 %, to US$ 2.73 per million British thermal units) as production growth outweighed seasonal consumption and higher exports of the fuel.1 Spot prices saw an even larger drop of 20.6 % (to US$ 2.81) as the support of December's weather - related demand spikes faded and a more normal winter pattern developed.1 Natural gas generally took its downward price cues from elevated US production and growth in the natural gas - focused rig count, which increased from 179 to 194 in March alone.2 Despite the price drop, traders remained optimistic given surging US shale - gas exports and a supply deficit that was 20 % larger than the five - year average at March - end, the biggest in four years.3 Moreover, total natural gas inventories of 1.38 trillion cubic feet were nearly 33 % below their year - ago level.3 Meanwhile, the market appeared focused on an anticipated production surge (2018 is projected to be a record growth year for gas supplies) and may have overlooked intensifying demand as US exports increasingly helped drain supplies.

Crude oil prices are taking a step back on Monday as an increase in rig counts and a drop - in supply in Cushing, Okla., and a perceived drop in Geo - political risk premium are causing traders to take a step back.

The opportunity arose, I argued, because it seemed to me that the oil environment was finally, in fact, ready to improve — oil stockpiles were finally dropping below 5 - year averages and declining steadily, and rig counts were due to decline as well, after so many months of sub-profitable oil prices.

But on May 12 Baker Hughes reported the U.S. rig count rose again which, as usual, created pressure on crude prices.

It rigs the voting process in each case, counting all abstentions as votes against the union.

The very next year, in May 2015, JPMorgan Chase was hit with a new felony count for its role in rigging foreign currency markets as part of a banking cartel.

After going through the ritualistic Monday morning downside test on the back of rising oil drilling rig counts, WTI rallied around $ 2 towards $ 69.35 in NY, as traders remain singularly focused on the Iran nuclear deal.

Even today, with prices below $ 50 per barrel, the rig count has been climbing for half a year, and now stands at 588 rigs as of last week, up almost 200 rigs from May.

... For example, if we see a 30 % to 35 % reduction in average rig count, we estimate that raw frac sand demand could decline by as much as 15 % to 20 % from 2014 levels.

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

The grants, rents and business he brought in to SUNY Polytechnic «all benefited him personally through his compensation package, and also added to his status as a kingmaker and an important person in state government,» said the New York attorney general, Eric T. Schneiderman, who charged Dr. Kaloyeros with three felony counts of bid - rigging at a news conference.

Throw in the fact that New Yorkers temporarily residing in upstate prisons Mario Cuomo built were counted as residents there for district - drawing purposes and things are, well, rigged.

During 2008 the company benefited from high spot prices for oil and natural gas as well as a contraction in rig count within the GOM.

«Production of both crude oil and natural gas liquids last month remained at the highest levels in decades even as rig counts reached a five - year low,» John Felmy, chief economist at the API in Washington, said in an e-mailed statement.