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Foreign news agency news on August 13 that the number of oil and natural gas rigs for US energy companies increased for the second consecutive week this week, and with the recovery of oil prices, the total number of active rigs has more than doubled from the record low a year ago
.
US oil service company Baker Hughes said in a closely watched report on Friday that as of the week of August 13, the number of active oil and gas rigs in the United States increased by 9 to 500, as the leading indicator of future production.
, The highest level since April
.
Compared with the same period last year, the total number of drilling rigs this week increased by 256, an increase of 105%
.
This week, the number of oil rigs in the United States increased by 10 to 397, the highest level since April 2020, compared with 172 in the same period last year, the latter being the lowest level since 2005; the number of natural gas rigs dropped by 1 to 102, but still higher than the record low of 68 in July 2020
.
Energy data provider Enverus said that as of the week of August 11, the number of active oil well drilling rigs in the United States increased by 8 to 575, most of which came from the Appalachian and Permian regions
.
US crude oil futures traded at around US$68 per barrel on Friday and rose slightly this week.
Despite the spread of the new crown epidemic, oil demand growth is expected to slow down
.
Although oil prices have risen by more than 41% since the beginning of the year, most energy companies still focus on returning capital to investors
.
However, after cutting drilling and completion spending in the past two years, some companies are increasing their spending in 2021
.
EIA said in its monthly report on Tuesday that it expects US crude oil output this year to fall by 160,000 barrels per day to 11.
12 million barrels per day, compared to its previous forecast of a decline in output of 210,000 barrels per day
.
.
US oil service company Baker Hughes said in a closely watched report on Friday that as of the week of August 13, the number of active oil and gas rigs in the United States increased by 9 to 500, as the leading indicator of future production.
, The highest level since April
.
Compared with the same period last year, the total number of drilling rigs this week increased by 256, an increase of 105%
.
This week, the number of oil rigs in the United States increased by 10 to 397, the highest level since April 2020, compared with 172 in the same period last year, the latter being the lowest level since 2005; the number of natural gas rigs dropped by 1 to 102, but still higher than the record low of 68 in July 2020
.
Energy data provider Enverus said that as of the week of August 11, the number of active oil well drilling rigs in the United States increased by 8 to 575, most of which came from the Appalachian and Permian regions
.
US crude oil futures traded at around US$68 per barrel on Friday and rose slightly this week.
Despite the spread of the new crown epidemic, oil demand growth is expected to slow down
.
Although oil prices have risen by more than 41% since the beginning of the year, most energy companies still focus on returning capital to investors
.
However, after cutting drilling and completion spending in the past two years, some companies are increasing their spending in 2021
.
EIA said in its monthly report on Tuesday that it expects US crude oil output this year to fall by 160,000 barrels per day to 11.
12 million barrels per day, compared to its previous forecast of a decline in output of 210,000 barrels per day
.
