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Baker Hughes: The number of oil rigs in the United States fell 10 this week

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Rocky


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Baker Hughes: The number of oil rigs in the United States fell 10 this week




11/21/15



And Kalat- - Friday data showed that US energy companies this week reduced the number of oil rigs running, a reduction in the weekly atheist ten to 12 weeks.
She said Baker Hughes oil services company in its report, which has closely watched the drilling companies stopped operating 10 oil platforms in the week ended November 20 November, dropping the total number of drilling rigs to 564.

This represents about one-third of the oil rigs that were running in the same week a year ago and the number of 1574. After reducing the total reached 103 over the past two months suspended drilling operators diggers last week.

The average US crude prices since the beginning of this week, $ 41 a barrel, down from $ 43 last week, with the rise in crude inventories in the United States for the eighth consecutive week to near record levels.

Prices have fallen below $ 40 a barrel during trading for the third consecutive day to the lowest level since August, with the decline of optimism a recovery in prices under the weight of persistent glut in supply.

He said traders in energy markets that the reductions in weekly oil rigs rate since the beginning of September 9 in Almtost- -hawwala far less than the average reduction of 18 rigs since the number of drilling rigs to a peak of 1609 in October, in October 2014 due among other factors to forecast a slight increase in prices in the future.

The number of oil drilling platforms is one of the few indicators studied by traders to predict whether the US oil production will rise or fall in the coming months.

The decline in oil output to 9.3 million barrels per day in August, from 9.4 million barrels per day in July, according to data from the US Energy Information Administration.

And on a weekly basis under US crude production at 9.2 million barrels per day for the third consecutive week after being stabilized at 9.1 million barrels a day for eight weeks in a row since the beginning of September. But that level is still much lower than corn amounting to 9.6 million barrels per day recorded in April.

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