The price of oil remains stable amid falling rig count

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Цена на нефть остается стабильной на фоне снижения количества буровых установок

According to Baker Hughes, the number of active oil and gas rigs in the United States this week fell again, because the total number of rigs reaches the lowest level since February 2018.

According to the report, the total number of active oil and gas rigs in the United States decreased by 2, the number of active oil rigs increased by 1, reaching 789, and the number of gas rigs decreased by 4, reaching 177. Different drilling rigs saw an increase of one.

The total number of drilling and oil and gas drilling rigs 967, while in annual terms, oil reserves have decreased by 73, compared to last year, the number of drilling rigs fell by 11. The total number of oil rigs decreased by 85 per annum.

Since the beginning of the year, the number of oil rigs decreased from 877 active drilling rigs since the beginning of the year to 789, while gas rigs decreased from 198 to 177 during the same period.

Despite the annual decline in rig production in the US is still nearly 2 million barrels per day higher than last year.

At 8:46 am Eastern time today, WTI increased by 0.40 us dollar (+ 0,70%) to 57.47 dollar – almost 5 dollars per barrel compared to last Friday amid increasing tensions between the US and Iran, which continue to raise prices.

Benchmark Brent crude also traded on the same day, 0.86 dollar (+ 1,33%) and 65,31 of the dollar, which is $ 3 per barrel more than last week.

Strong oil production in the United States also controls the rates, although June 14, she falls for the second time in a row to 12.2 million Barrels per day compared to the record high of 12.4 million Barrels per day.

The total number of drilling rigs in Canada increased by 12. Canadian oil rigs continue to decline by 23 compared to the same period last year, while gas rigs, 18 years less.

WTI is trading higher by 0.79% on the same day at 13:12 Eastern time US, and Brent – on 1,16%.

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