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According to Baker Hughes, the number of oil and gas platforms active in the United States has decreased this week, while the total number of platforms reached its lowest level since February 2019.
In the United States, the total number of active rigs in the oil and gas sector declined by nine, according to the report. The number of active platforms dropped by 11 to 789 and the number of platforms for gas increased by 2 to 186.
The total number of oil and gas platforms combined is 975, with oil recording a decline of 73 platforms over one year and 12 gas platforms since this period last year. The total number of oil and gas platforms combined is down 87% from the previous year.
Since the beginning of the year, the number of oil platforms has increased from 877 active platforms on January 4 to 789, while the gas platforms have increased from 198 to 186 during the same period. period.
Despite the decline of 73 platforms year-over-year, US production continues to increase, with an increase of nearly 2 million barrels per day.
At 9:58 pm Eastern Time, WTI increased from $ 0.37 (+ 0.70%) to $ 52.96. Although the day is up, the WTI is trading around $ 2 per barrel a week. Today's gains are due in large part to renewed optimism in Saudi Arabia over production-cutting quotas, which most people say will be extended in one form or another after the end of the month. June, expiry date of the reductions.
The benchmark Brent index also rose $ 0.38 (+ 0.62%) to $ 62.05, a decrease of $ 1.50 over last week.
US oil production keeps prices under control, reaching an unprecedented high of 12.4 million bpd for the week ending May 31st.
The total number of rigs in Canada increased by 18. Canada's oil rigs are still down 10 years, with a 1-year increase on gas platforms.
WTI rose 2.15% that day at 13:09 EST, while Brent gained 2.12%.
By Julianne Geiger for Oilprice.com
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