I have captured key industry data, as it relates to the previous business week.
The oil rig count has set a new high for the year, and has also increased by 4 for this week. The count is equally up by 247 rigs compared to the lowest point seen in 2021.
• 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)
• February 26th, 2021: 309
• February 25th, 2022: 522
(Primary Vision – Frac Spread Count)
• February 26th, 2021: 140
• February 25th, 2022: 290
(Oilprice site: #WTI price)
• February 26th, 2021: 61.50 USD
• February 25th, 2022: 91.59 USD
(OilPrice site: Brent Crude price)
• February 26th, 2021: 66.13 USD
• February 25th, 2022: 97.93 USD
(EIA Crude Oil Inventories: agency reports with a week delay)
• February 19th, 2021: 502,711,000 Barrels
• February 18th, 2022: 416,022,000 Barrels
(EIA Gasoline Inventories: agency reports with a week delay)
• February 19th, 2021: 232,279,000 Barrels
• February 18th, 2022: 246,479,000 Barrels
