2022-03-14 11:20:00
U.S. RIGS UP 13 TO 663
BAKER HUGHES - March 11, 2022 -
U.S. Rig Count is up 13 from last week to 663 with oil rigs up 8 to 527, gas up 5 to 135, and miscellaneous rigs unchanged at 1.
U.S. Rig Count is up 261 rigs from last year's count of 402 with oil rigs up 218 gas rigs up 43 and miscellaneous unchanged at 1.
The U.S. Offshore Rig Count is down 1 to 11, down 2 year-over-year.
Canada Rig Count is down 11 from last week to 206, with oil rigs down 7 to 127, gas rigs down 3 to 79 and miscellaneous down 1.
Canada Rig Count is up 90 rigs from last year's count of 116, with oil rigs up 69, gas rigs up 21 and miscellaneous unchanged at 0.
| Area | Last Count | Count | Change from Prior Count | Date of Prior Count | Change from Last Year | Date of Last Year's Count |
| U.S. | 11 Mar 2022 |
663 | +13 | 04 Mar 2022 |
+261 | 12 Mar 2021 |
| Canada | 11 Mar 2022 |
206 | -11 | 04 Mar 2022 |
+90 | 12 Mar 2021 |
| International | Feb 2022 |
813 | -28 | Jan 2021 |
+112 | Jan 2021 |
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Earlier:
2022, March, 11, 12:40:00
OIL PRICE: NEAR $112
Brent climbed $2.48, or 2.27%, to $111.81 a barrel, WTI were up $2, or 1.89%, to $108.02 a barrel.
2022, March, 11, 12:05:00
U.S. OIL INVENTORIES DOWN BY 1.9 MB TO 411.6 MB
U.S. commercial crude oil inventories decreased by 1.9 million barrels from the previous week to 411.6 million barrels.
2022, March, 9, 13:05:00
WORLDWIDE RIG COUNT UP 37 TO 1,669
The Worldwide Rig Count for February was 1,669, up 37 from the 1,632 counted in January 2022,and up 399 from the 1,270 counted in February 2021.
2022, March, 9, 13:00:00
U.S. RIGS UP 0 TO 650
U.S. Rig Count is unchanged from last week at 650, Canada Rig Count is down 7 from last week to 217.
2022, March, 4, 12:15:00
RUSSIA AND SAUDI ARABIA ENSURE STABILITY
During the conversation, it was noted with satisfaction that OPEC+ member countries are consistently fulfilling their obligations to help ensure stability on the global oil market. Russia and Saudi Arabia will continue to coordinate approaches within this format.
2022, February, 9, 12:25:00
OIL PRICES 2022-23: $87-$68
This dynamic leads to rising global oil inventories from 2Q22 through the end of 2023, and the Brent spot price will fall to an average of $87/b in 2Q22 and $75/b in 4Q22. The Brent price will average $68/b for all of 2023.
