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The U.S. Rig Count: June 20, 2019

 

S&P Global Platts Upstream Indicator reports U.S. rig count is 1,040 rigs, down 13 from the previous week. WTI Midland average for the week is $52.24, down $0.13 from last week.

News
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The North American Crude Oil Exports Summit is Around the Corner

The US crude oil market is experiencing a sea change as production and exports continue to rise. US producers will rely on export markets to find the best home for light, sweet crudes  . . .

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Oil Traders have bigger worries than a new Hormuz tanker war

Oil tankers ablaze in the Gulf of Oman and the US pointing the finger at Iran should be enough to send the price of the world's most vital commodity skyrocketing . . . 


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US crude oil exports buoyed by widening WTI/Brent spread

The US exported more than 3 million b/d of crude for the second week in a row in the week ended June 7, aided by macroeconomic factors that have made US prices . . .

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Featured Product: Wellscape 4.0

U.S. Rig Counts

 

  Rigs   

Previous Week

 U.S. Land 

1,006

-13

 U.S. Inland Waters

4

0

 U.S. Gulf of Mexico

30

0

  Source: S&P Global Platts Analytics, June 20, 2019

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