I have captured industry data, as it relates to the previous business week.
The oil rig remains at 601 for the second consecutive week, which is an all-time high for the year. Also, the price for Brent and WTI crude has increased by over 28.00 USD over the course of a year.
The below information further complements the #infographic:
(Oil Rig Count: Baker Hughes report)
• August 20th, 2021: 405
• August 19th, 2022: 601
(Primary Vision Network – Frac Spread Count)
• August 20th, 2021: 236
• August 19th, 2022: 280
(Oilprice site: #WTI price:)
• August 20th, 2021: 62.32 USD
• August 19th, 2022: 90.77 USD
(OilPrice site: Brent Crude price)
• August 20th, 2021: 65.18 USD
• August 19th, 2022: 96.72 USD
(EIA Crude Oil Inventories – Agency reports on varying days)
• August 13th, 2021: 435,544,000 Barrels
• August 12th, 2022: 424,954,000 Barrels
(EIA Gasoline Inventories – Agency reports on varying days)
• August 13th, 2021: 228,165,000 Barrels
• August 12th, 2022: 215,674,000 Barrels
