Lower 48 Production Nears Cycle Highs As Rig Count Rises For 18th Straight Week

While much was made of this week's drop in US crude production, it was driven by .....»»

Category: blogSource: zerohedgeMay 19th, 2017

US Oil Rig Count Rises For 17th Straight Week As Crude Production Nears Record Highs

For the 17th week in a row, the number of US oil rigs rose (by 9 to 712) but US gas rigs fell. *U.S. OIL RIG COUNT UP 9 TO 712 , BAKER HUGHES SAYS :BHI US *U.S. GAS RIG COUNT DOWN 1 TO 172 , BAKER HUGHES SAYS :BHI US Texas saw an.....»»

Category: blogSource: zerohedgeMay 12th, 2017

US Oil Rig Count Rises Most In 3 Months

With US crude production having rebounded back to near cycle highs in its lagged response to the oil rig count, this week's rebound in the oil rig count (+6 to 750) is notably the largest addition in almost 3 months. As Bloomberg de.....»»

Category: blogSource: zerohedgeSep 29th, 2017

US Crude Production Hits 21-Month Highs As Rig Count Rises For 19th Straight Week

For the 19th week in a row, the number of US oil rigs rose (up 2 to 722). This is the largest number of oil rigs since April 2015 .....»»

Category: blogSource: zerohedgeMay 26th, 2017

Rig Count Rises For 16th Straight Week; Leads US Crude Production Near Record Highs

The US oil rig count has now risen over 120% from its May 2016 lows, having dropped only .....»»

Category: blogSource: zerohedgeMay 5th, 2017

US Crude Production At Cycle Highs As Rig Count Stabilizes; Desperate Saudis Jawbone Deeper Cuts To Come

A tough week for crude oil, which tumbled after algos tagged $50 stops yesterday following the biggest gasoline inventory build in 7 months. While the US oil rig count has stopped rising in the last few weeks, production.....»»

Category: blogSource: zerohedgeAug 11th, 2017

WTI Holds Below $48 As US Oil Rig Count Rises For 20th Week In A Row

Leading crude production to 21-month highs, the number of US oil.....»»

Category: blogSource: zerohedgeJun 2nd, 2017

Oil-rig count rises for 18th straight week

The US oil-rig count rose by eight to 720 this week, according to oilfield services giant Baker Hughes.  This extended the longest streak of r.....»»

Category: topSource: businessinsiderMay 19th, 2017

Futures Movers: Oil tilts lower as traders eye U.S. crude output

Data showing that U.S. oil-rig count rose for the 13th straight week raises concerns over growing domestic crude production, ahead of a monthly forecast on shale output......»»

Category: topSource: marketwatchApr 17th, 2017

US Crude Production Nears 10-Month Highs As Rig Count Soars Most In Over 6 Years

Following last week's massive 29 rig jump in the US oil rig count (the largest since April 2013), Baker Hughes reports another 15 rig surge to 566 in the last week (with the entire rise dominated by horizontal/Permian rigs). US Crude production c.....»»

Category: blogSource: zerohedgeJan 27th, 2017

US Crude Production Rises As Rig Count Reaches 10-Month Highs

For the 24th week of the last 26, oil rigs rose (by 2) to 474, the highest since January 2016. US crude production rose again last week tracking the lagged trend of rising rig counts in the US.     Notably US crude production looks set to rise .....»»

Category: blogSource: zerohedgeNov 23rd, 2016

US Oil Rig Count Rises For 16th Straight Week To 8-Month Highs

With crude having rolled over, back to pre-inventory-data levels, hovering around $50, Baker Hughes reports the US oil rig count rose 4 to 432 - the 16th weekly rise in a row to th ehighest in 8 months.   US Oil Rig count data has risen for 16 straig.....»»

Category: blogSource: zerohedgeOct 14th, 2016

US Oil Rig Count Rises For 15th Straight Week To 8 Month Highs

WTI Crude prices are holding below $50 as the US oil rig count rose for the 15th straight week. Up 3 to 428, this is the highest since Feb 2016...  .....»»

Category: blogSource: zerohedgeOct 7th, 2016

WTI Extends Losses As US Oil Rig Count Rises To 7-Month Highs

With oil prices plunging after Saudis stole the jam out of the oil freeze hopers donut, US oil rig count (at seven month highs) rose 2 to 416 (the 13th week in a row) and the total rig count rose to 511.   Rig count has risen for 13 straight weeks to.....»»

Category: blogSource: zerohedgeSep 23rd, 2016

WTI Crude Slides As Oil Rig Count Rises To 7-Month Highs

Following a week of supply concerns and inventory anxiety, crude prices have slipped notably lower, more potentially bearish news just hit with Baker Hughes reporting the oil rig count rose 2 to 416 - up for the 12th week in a row. This is the highest in .....»»

Category: blogSource: zerohedgeSep 16th, 2016

Wall Street opens lower after two straight days of record highs

(Reuters) - The three major U.S. indexes opened slightly lower on Wednesday, after two-straight days of record highs, as investors booked profits ahead of a clutch of economic data this week......»»

Category: topSource: reutersOct 4th, 2017

Wall street to open lower after record highs

(Reuters) - Wall Street looked set to open lower on Wednesday as investors likely booked profit following two straight days of record highs for the three major indexes and ahead of a raft of economic data this week......»»

Category: topSource: reutersOct 4th, 2017

WTI Hovers Above $50 As US Oil Rig Count Slides To 3-Month Lows

With crude production rebounding back to pre-Harvey levels, and refinery demand coming back on-line, WTI has trod water around $50 all week. The US oil rig count dropped for the 6th straight week (down 5 to 744), back at its lowest.....»»

Category: blogSource: zerohedgeSep 22nd, 2017

US Crude Production Hits 25-Month Highs Despite Stabilization In Rig Count

While the US oil rig count has gone nowhere for the last 9 weeks (down 4 to 759 this week and with last week's drop the largest in 7 months), U.....»»

Category: blogSource: zerohedgeAug 25th, 2017

S&P 500 rises again, but NYSE"s new lows top new highs for 6th-straight session

Although the S&P 500 was headed for a fourth-straight gain, to within a fraction of its record close, the number of NYSE-listed stocks hitting new 52-week lows in intraday t.....»»

Category: topSource: marketwatchAug 16th, 2017

Oil slides from 9-week highs as market looks to OPEC

Oil prices edged lower on Monday, sliding away from nine-week highs, as worries lingered over high production from OPEC and the United States......»»

Category: topSource: moneycentralAug 7th, 2017