RigData Insights

Demand runs increase

  • Wednesday, May 24, 2017
  • Posted By Meagan Wildfong
Commercial crude oil inventories decreased by 4.4 million barrels the week ending May 19, marking seven straight weeks of declines.

Oil outlook – crunch time or gloom mongering?

  • Monday, May 22, 2017
  • Posted By Meagan Wildfong
That the global oil market is set to tighten over the coming years is not in doubt, but whether it’s time to hit the panic button over a future supply... Read More

Rig Count Continues Climbing Up

  • Monday, May 22, 2017
  • Posted By Meagan Wildfong
According to the Platts RigData Locations & Operators Report, the U.S rig count climbed to 1,036 rigs (+24).

The Rebound of Day Rates and Rigs

  • Monday, May 15, 2017
  • Posted By Meagan Wildfong
When will the market see a resumption of the top-tier rig newbuild programs that flooded the market in 2012–2014—what price point on day rates would t... Read More

Ample oil supply in a demand-constrained world

  • Monday, May 15, 2017
  • Posted By Meagan Wildfong
Anyone looking for clues as to the direction of global oil demand would be well advised to count the number of electric bicycles dodging traffic in Ch... Read More

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