• 4 minutes End of Sanction Waivers
  • 8 minutes Balancing Act---Sanctions, Venezuela, Trade War and Demand
  • 11 minutes Mueller Report Brings Into Focus Obama's Attempted Coup Against Trump
  • 14 minutes What Would Happen If the World Ran Out of Crude Oil?
  • 30 mins New German Study Shocks Electric Cars: “Considerably” Worse For Climate Than Diesel Cars, Up To 25% More CO2
  • 4 hours ..
  • 4 hours Summit: Kim, Putin To Meet Thursday in Russia’s Far East
  • 14 hours Deep Analysis: How China Is Replacing America As Asia’s Military Titan
  • 12 hours Don't Climb Onto the $80+ Oil Price Greed Roller Coaster, Please.
  • 4 hours Iran Sabre Rattles Over the Straights of Hormuz
  • 20 hours Populist Surge Coming in Europe's May Election
  • 2 hours China To Promote Using Wind Energy To Power Heating
  • 3 hours Nothing Better than Li-Ion on the Horizon
  • 1 day Liberal Heads Explode as U.S. Senate Confirms Oil Lobbyist David Bernhardt as Interior Secretary
  • 6 hours "Undeniable" Shale Slowdown?
  • 9 mins Countries with the most oil and where they're selling it
Alt Text

New Electric Vehicles Contain Much More Lithium

Lithium carbonate equivalent deployed worldwide…

Alt Text

The Unique Device Generating Power From Snow

Researchers from the University of…

Julianne Geiger

Julianne Geiger

Julianne Geiger is a veteran editor, writer and researcher for US-based Divergente LLC consulting firm, and a member of the Creative Professionals Networking Group.

More Info

Trending Discussions

US Rig Count Holds Steady As Oil Prices Slip

Baker Hughes reported no change to the number of active oil and gas rigs in the United States on Friday. Oil and gas rigs held at 1,048 according to the report, with the number of active oil rigs falling by 2 and the number of gas rigs increasing by 2.

The oil and gas rig count is now 104 up from this time last year.

At 12:23pm. EDT on Friday, WTI Crude was trading down 0.63 percent at $67.35—almost $3 per barrel from this time last week, while Brent Crude traded down 0.25 percent at $76.31—about $1.50 below last week’s levels—as Iran’s oil exports continue to slip heaving into November when the US sanctions kick in and as troubled Venezuela concocts plans to pump and export more oil to no avail.

Canada’s oil and gas rigs for the week fell sharply, by 24, bringing its total oil and gas rig count to 204, which is just 2 more than this time last year, with an 18-rig decrease for oil and a 6-rig decrease for gas for the week. The price of Western Canada Select (WCS) was trading down on Friday, trading down 2.45% at $37.77, essentially flat week on week.

While the Permian basin still boasts 102 more rigs than this time last year, the Utica, Arkoma Woodford, Barnett, Cana Woodford, DJ-Niobrara, Granite Wash, and the Mississippian basins each have fewer rigs than they did a year ago.

While the number of rigs in the United States are 104 more than this time last year, the EIA’s estimates for US production for the week ending August 31 were for an average of 11 million bpd, compared to 8.78 million bpd a year ago this week.

By 1:09pm EDT, WTI was trading down 0.59% (-$0.40) at $67.37. Brent crude was trading down 0.24% (-$0.18) at $76.32 per barrel.

By Julianne Geiger for Oilprice.com

More Top Reads From Oilprice.com:




Download The Free Oilprice App Today

Back to homepage

Trending Discussions


Leave a comment
  • rjs on September 07 2018 said:
    re: "US production for the week ending August 31 were for an average of 11 million bpd, compared to 8.78 million bpd a year ago this week"

    a year ago was Harvey...

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News