I have captured industry data, as it relates to the previous business week.
The oil rig count has increased by 5. Notably, for 7 consecutive weeks the count has set a new high is set for 2022. 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)
• May 7th, 2021: 344
• May 6th, 2022: 557
(Primary Vision Network – Frac Spread Count)
• May 7th, 2021: 221
• May 6th, 2022: 278
(Oilprice site: #WTI price:)
• May 7th, 2021: 64.90 USD
• May 6th, 2022: 110.24 USD
(OilPrice site: Brent Crude price)
• May 7th, 2021: 68.28 USD
• May 6th, 2022: 112.83 USD
(EIA Crude Oil Inventories: agency reports with a week delay)
• April 30th, 2021: 485,117,000 Barrels
• April 29th, 2022: 415,727,000 Barrels
(EIA Gasoline Inventories: agency reports with a week delay)
• April 30th, 2021: 235,811,000 Barrels
• April 29th, 2022: 228,575,000 Barrels
