• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 20 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 5 days Does Toyota Know Something That We Don’t?
  • 5 days World could get rid of Putin and Russia but nobody is bold enough
  • 1 day America should go after China but it should be done in a wise way.
  • 7 days China is using Chinese Names of Cities on their Border with Russia.
  • 8 days Russian Officials Voice Concerns About Chinese-Funded Rail Line
  • 8 days OPINION: Putin’s Genocidal Myth A scholarly treatise on the thousands of years of Ukrainian history. RCW
  • 8 days CHINA Economy IMPLODING - Fastest Price Fall in 14 Years & Stock Market Crashes to 5 Year Low
  • 7 days CHINA Economy Disaster - Employee Shortages, Retirement Age, Birth Rate & Ageing Population
  • 8 days Putin and Xi Bet on the Global South
  • 8 days "(Another) Putin Critic 'Falls' Out Of Window, Dies"
  • 9 days United States LNG Exports Reach Third Place
  • 9 days Biden's $2 trillion Plan for Insfrastructure and Jobs
Editorial Dept

Editorial Dept

More Info

U.S. Rig Productivity More Than Doubled Over the Past Few Years

Friday January 20, 2016

In the latest edition of the Numbers Report, we’ll take a look at some of the most interesting figures put out this week in the energy sector. Each week we’ll dig into some data and provide a bit of explanation on what drives the numbers.

Let’s take a look.

1. Speculative activity and oil prices

(Click to enlarge)

- Hedge funds and other money managers built up a record high net-long position at the end of December, corresponding with a sharp increase in oil prices.
- Net length in speculative bets surged 63 percent in the month after the Nov. 30 OPEC deal.
- Although there is a chicken-and-egg argument about which causes which, as the chart above shows, speculative activity corresponds with movements in oil prices.
- Early signs of changes in investor sentiment can be interpreted as signals for coming price changes.
- The more recent plateau and slight decrease in net-length could be a warning sign that the optimism over oil prices might have overshot the market. Oil has slipped back towards $50 per barrel in the first few weeks of 2017.

2. Mexico a fast-growing market for U.S. natural gas

(Click to enlarge)

- Natural gas accounts for 54 percent of Mexico’s electricity generation, a sharp increase from the 34 percent share in 2005, according to EIA data.
- Natural gas will be the fuel of choice going forward for this emerging economy: between 2016…




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News