US Oil Drillers Turn Cautious as WTI Holds Near $85 per Barrel
Ukraine Strikes Lukoil's Volgograd Refinery as Drone Attacks Resume Julianne Geiger is a veteran energy journalist and market analyst with more than a decade of experience covering the global oil and gas sector.
Her… The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US to 588, up 48 from this same time last year.
The number of active oil rigs rose by 1, reaching 451 during the latest reporting period, according to the data.
This is 41 above this same time last year.
The number of gas rigs stayed the same at 127, which is 3 more than this time last year.
The latest EIA data showed that weekly U.S.
crude oil production fell slightly during week ending July 24.
US crude oil production averaged13.796 million bpdduring the reporting period, down from 13.798 million bpd last week and up 482,000 bpd from a year ago.
Primary Vision’s Frac Spread Count, an estimate of the number of crews completing wells, rose by 2 in the week ending July 24, to 198 crews, after losing 4 in the week prior.
The number of active drilling rigs in the Permian Basin rose by 2 in the reporting period, hitting 260.
The count in the Eagle Ford rose by 2 to 49, which is 10 more than this same time last year.
Oil prices were up on Friday with Brent now trading at$89.95(+1.03%) per barrel.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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