I have captured key industry data, as it relates to the previous business week.
The the oil rig count decreased by 3, after having set a new high for 2022. The count is equally up by 249 rigs compared to the lowest point seen in 2021.
• Also, the price for Brent and WTI crude has increased by over 40.00 USD over the course of a year.
The below information that further complements the #infographic:
(Oil Rig Count: Baker Hughes report)
• March 19th, 2021: 318
• March 18th, 2022: 524
(Primary Vision – Frac Spread Count)
• March 19th, 2021: 195
• March 18th, 2022: 266
(Oilprice site: #WTI price)
• March 19th, 2021: 61.42 USD
• March 18th, 2022: 104.70 USD
(OilPrice site: Brent Crude price)
• March 19th, 2021: 64.53 USD
• March 18th, 2022: 107.93 USD
(EIA Crude Oil Inventories: agency reports with a week delay)
• March 12th, 2021: 500,799,000 Barrels
• March 11th, 2022: 415,907,000 Barrels
(EIA Gasoline Inventories: agency reports with a week delay)
• March 12th, 2021: 232,075,000 Barrels
• March 11th, 2022: 240,991,000 Barrels
