• Total US oil rigs took an anticipated breather this week, +1 to 799Click on graph for larger image.
• Horizontal oil rigs were up, +1 to 697
...
• The oil price continues to recover
• If rig count additions continue on our forecast trajectory, expect this to weigh on sentiment during March, particularly if supply gains surprise to the upside
CR note: This graph shows the US horizontal rig count by basin.
Graph and comments Courtesy of Steven Kopits of Princeton Energy Advisors LLC.
from Calculated Risk http://ift.tt/2BMEoBJ
No comments:
Post a Comment