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By Julianne Geiger – January 18, 2019, 12:36 pm CST
Baker Hughes has announced a drastic reduction in the number of oil and gas operating in the United States this week.
According to the report, the total number of active rigs in the oil and gas sector decreased by 25, with a decrease of 21 the number of active facilities to reach 852 and 4 of the number of Gas installations, to reach 198.
The number of oil and gas platforms is now 114 compared to this period last year, including 105 in oil rigs.
WTI prices were trading significantly on Friday as China proposed to US traders to increase imports from the US by US $ 1 trillion by the year 2024, according to CNBC.
At 12:13 pm EST, the WTI benchmark was trading up $ 1.49 (+ 2.85%) at $ 53.85, an increase of about $ 2 per week, with Brent trading up $ 1.47 (+ 2.40%) at $ 62.65 per barrel, an increase of nearly $ 2 a week.
Canada's oil and gas rigs increased by 25 this week, after jumping 108 aircraft last week. The total number of oil and gas platforms in Canada is currently 209, which is 116 platforms less than this time last year. The 25 additions concerned all oil rigs. The increase in the number of platforms this week is due to Canada's new mandate, which called on the country to collectively reduce 300,000 b / d of its crude oil production figures that came into effect at the beginning of the month.
EIA estimates for US production for the week ending January 11th indicate an average increase of 11.9 million bpd for the week, a new record for the United States.
At 1329 eastern daylight time, WTI had increased from 2.98% ($ 1.56) to $ 53.92 the same day. Brent was trading up 2.35% (+ $ 1.44) to $ 62.62 a barrel.
By Julianne Geiger for Oilprice.com
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