2022-03-28 11:25:00
U.S. RIGS UP 7 TO 670
BAKER HUGHES - March 25, 2022 -
U.S. Rig Count is up 7 from last week to 670 with oil rigs up 7 to 531, gas rigs unchanged at 137, and miscellaneous rigs unchanged at 2.
U.S. Rig Count is up 253 rigs from last year's count of 417 with oil rigs up 207, gas rigs up 45 and miscellaneous up 1.
The U.S. Offshore Rig Count is up 2 to 14, up 2 year-over-year.
Canada Rig Count is down 36 from last week to 140, with oil rigs down 27 to 76, gas rigs down 9 to 64.
Canada Rig Count is up 59 rigs from last year's count of 81, with oil rigs up 45, gas rigs up 14.
| Area | Last Count | Count | Change from Prior Count | Date of Prior Count | Change from Last Year | Date of Last Year's Count |
| U.S. | 25 Mar 2022 |
670 | +7 | 18 Mar 2022 |
+253 | 26 Mar 2021 |
| Canada | 25 Mar 2022 |
140 | -36 | 18 Mar 2022 |
+59 | 26 Mar 2021 |
| International | Feb 2022 |
813 | -28 | Jan 2021 |
+112 | Jan 2021 |
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Earlier:
2022, March, 25, 11:30:00
OIL PRICE: BRENT BELOW $118, WTI BELOW $111
Brent fell 46 cents, or 0.4%, to $118.57 a barrel, WTI ell 47 cents, or 0.4%, to $111.87 a barrel.
2022, March, 25, 11:20:00
OPEC+ IS IMPORTANT
In a circular carried by state-run Saudi Press Agency, the cabinet stressed "the importance of the essential role of the OPEC+ agreement in the balance and stability of oil markets."
2022, March, 18, 11:50:00
OIL PRICE: NEAR $108
Brent rose 82 cents, or 0.8%, to $107.46 a barrel, WTI climbed $1.14, or 1.1%, to $104.12 a barrel.
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, 3, 14:30:00
OPEC+ 0.4 MBD
Reconfirm the production adjustment plan and the monthly production adjustment mechanism approved at the 19th Ministerial Meeting and the decision to adjust upward the monthly overall production by 0.4 mb/d for the month of April 2022, as per the attached schedule.
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.
