I have captured industry data, as it relates to the previous business week.
The oil rig count has increased by 4 for this week, and is once more at 605 which is an all-time high that was previously reached in July. Also, the price for Brent and WTI crude has increased by over 23.00 USD over the course of a year.
The below information that further complements the #infographic:
(Oil Rig Count: Baker Hughes report)
• August 27th, 2021: 410
• August 26th, 2022: 605
(Primary Vision Network – Frac Spread Count)
• August 27th, 2021: 240
• August 26th, 2022: 287
(Oilprice site: #WTI price:)
• August 27th, 2021: 68.74 USD
• August 26th, 2022: 93.06 USD
(OilPrice site: Brent Crude price)
• August 27th, 2021: 72.70 USD
• August 26th, 2022: 100.99 USD
(EIA Crude Oil Inventories – Agency reports on varying days)
• August 20th, 2021: 432,564,000 Barrels
• August 19th, 2022: 421,672,000 Barrels
(EIA Gasoline Inventories – Agency reports on varying days)
• August 20th, 2021: 225,924,000 Barrels
• August 19th, 2022: 215,647,000 Barrels
