I have captured key industry data, as it relates to the previous business week, via the infographic that accompanies this post. The below information that further complements said #infographic.
It is key to note that the rig count has hit an all-time high for 2022.
(Oil Rig Count: Baker Hughes report)
• November 5th, 2021: 450
• November 4th, 2022: 613
(Primary Vision Network – Frac Spread Count)
• November 5th, 2021: 266
• November 4th, 2022: 290
(Oilprice site: #WTI price)
• November 5th, 2021: 81.27 USD
• November 4th, 2022: 92.56 USD
(OilPrice site: Brent Crude price)
• November 5th, 2021: 82.74 USD
• November 4th, 2022: 98.61 USD
(EIA Crude Oil Inventories – Agency reports on varying days)
• October 29th, 2021: 434,102,000 Barrels
• October 28th, 2022: 436,830,000 Barrels
(EIA Gasoline Inventories – Agency reports on varying days)
• October 29th, 2021: 214,258,000 Barrels
• October 28th, 2022: 206,633,000 Barrels
