I have captured industry data is captured, as it relates to the previous business week.
The oil rig count has increased by 6, and it is now the 8th consecutive week that a new high is set for 2022. Also, the price for Brent and WTI crude has increased by over 42.00 USD over the course of a year.
The below information that further complements the #infographic:
(Oil Rig Count: Baker Hughes report)
• May 14th, 2021: 352
• May 13th, 2022: 563
(Primary Vision Network – Frac Spread Count)
• May 14th, 2021: 223
• May 13th, 2022: 284
(Oilprice site: #WTI price:)
• May 14th, 2021: 65.37 USD
• May 13th, 2022: 110.49 USD
(OilPrice site: Brent Crude price)
• May 14th, 2021 68.71 USD
• May 13th, 2022: 111.55 USD
(EIA Crude Oil Inventories: agency reports with a week delay)
• May 7th, 2021: 484,691,000 Barrels
• May 6th, 2022: 424,214,000 Barrels
(EIA Gasoline Inventories: agency reports with a week delay)
• May 7th, 2021: 236,189,000 Barrels
• May 6th, 2022: 224,968,000 Barrels
