Sentences with phrase «rig count seems»

Thankfully, the global active rig count seems to be nearing its nadir after falling for 22 straight weeks.

And US shale production and drilling rig counts seem to moderate upward increases in oil prices.

Not exact matches

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.