I have captured industry data is captured, as it relates to the previous business week.
The oil rig count has increased by 1 and has once more set a new high for the year. Also, the price for Brent and WTI crude has increased by over 30.00 USD over the course of a year.
The below information that further complements the #infographic:
(Oil Rig Count: Baker Hughes report)
• July 2nd, 2021: 376
• July 1st, 2022: 595
(Primary Vision Network – Frac Spread Count)
• July 2nd, 2021: 234
• July 1st, 2022: 285
(Oilprice site: #WTI price:)
• July 2nd, 2021: 75.16 USD
• July 1st, 2022: 108.57 USD
(OilPrice site: Brent Crude price)
• July 2nd, 2021: 76.17 USD
• July 1st, 2022: 111.74 USD
(EIA Crude Oil Inventories – Agency reports on varying days)
• June 23rd, 2021: 435,598,000 Barrels
• June 24th, 2022: 415,566,000 Barrels
(EIA Gasoline Inventories – Agency reports on varying days)
• June 23rd, 2021: 234,161,000 Barrels
• June 24th, 2022: 221,608,000 Barrels
#Note: EIA data remains the same for this week (compared to last week) due to Agency delay.
