Market Update





View Block

April 2020

Oil and Gas Rotary Rig CountsThe total number of operating rigs in the U.S. the week as of April 3rd was 563 oil and 100 gas (totaling 663). In percentage terms, on a month on month, (m/m) basis, oil rigs were down 17.6% and gas down 8.3%.

March 2020

Advanced Durable Goods Orders: The U.S. Census Bureau reported that; new orders for durable goods orders decreased by 0.2% month on month, (m/m) in January, following the 2.9% increase in December.

­­U.S. Steel Capacity Utilization: The total tonnage for the week ending February 29th was 1,923 million net tons, at a capacity utilization rate of 82.5%.

February 2020

The total number of operating rigs in the U.S. the week as of February 14th was 678 oil and 110 gas (totaling 788). In percentage terms, on a month on month, (m/m) basis, oil rigs were up 1.0% and gas down 8.3%.

The U.S. Census Bureau reported that; new orders for durable goods orders increased by 2.4% month on month, (m/m) in December, following the 3.1% decrease in November. The always-volatile nondefense aircraft orders, decreasing 74.7% m/m and down 41.6% y/y influenced this trend significantly.

January 2020

Subscribe

To subscribe to the Market Update emails, please fill the form below.