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 12th, 2021: 454
• November 11th, 2022: 622
(Primary Vision Network – Frac Spread Count)
• November 12th, 2021: 269
• November 11th, 2022: 295
(Oilprice site: #WTI price:)
• November 12th, 2021: 80.79
• November 11th, 2022: 88.94
(OilPrice site: Brent Crude price)
• November 12th, 2021: 82.17
• November 11th, 2022: 95.95
(EIA Crude Oil Inventories – Agency reports on varying days)
• November 5th, 2021: 435,104,000 Barrels
• November 4th, 2022: 440,755,000 Barrels
(EIA Gasoline Inventories – Agency reports on varying days)
• November 5th, 2021: 212,703,000 Barrels
• November 4th, 2022: 205,733,000 Barrels
