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June steel import licenses declined 10.1% to 2.33 million tonnes (mt) from May’s 2.59 mt driven by declines for…
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Posts Tagged: ‘shale’
Advance/Decliner Index Rising but Still Weak; Chinese Pricing Declines
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Our Advance/Decliner Index rose for the fourth straight week. The increase was driven by our Ex-China Index rising to a 15-week high, while our China Index…
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June OCTG Prices Post Surprising Uptick; Further Upward Momentum Limited
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According to Pipe Logix, June OCTG prices rose 0.3% (or $5/ton) to $1,670/ton, bringing an end to 14 consecutive monthly declines. The surprising increase was driven by…
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May Imports Rise to 11-Month High; Hot-Rolled Sheet Lowest Since February 2011
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Preliminary May imports rose 4.6% from 2.68 million tons(mt) in April to 2.8 mt, the highest level since last June. The increase was primarily driven by…
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Advance/Decliner Index Continues Nominally Higher, but Well Below Key 50 Level
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Our Advance/Decliner Index rose to a three-month high, but remained at low levels. The uptick was driven by strengthening domestic sheet prices and less weakness in the…
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U.S. Rig Count Declines, Canadian Rig Count Posts Fourth Consecutive Increase
The number of active oil and natural gas rigs in the United States fell to 1,765 for the week ending June 7, 2013, a 0.3% decline from last week’s 1,771 and some 11.0% below the year-ago level of 1,984.
The highest weekly rig count in the United States since 1940 was recorded on December 28, 1981, at 4,530; the lowest was recorded on April 23, 1999, at 488.
The number of rigs in Canada increased for the fourth consecutive week, rising 4.8% to 152 from 145 the week before. However, rigs are a whopping 33.9% below the year-ago level of 230.
The highest rig count for Canada was 727 on February 3, 2006; the lowest was 29, recorded on April 24, 1992.
Source: Baker Hughes Inc.
Advance/Decliner Index Falls Slightly as Chinese Pricing Continues to Deteriorate
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Our Advance/Decliner Index fell last week as pricing weakness spread to Latin America, driving our Ex-China Index down. Our China Index remained at a dismal level due to…
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May OCTG Prices Fall to Lowest Since March 2010
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According to Pipe Logix, May OCTG prices declined 1.0% (or $16/ton) to $1,665/ton, the lowest since March 2010 and some 13.1% below the recent high of $1,916/ton in …
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Advance/Decliner Index Ticks Slightly Higher on Domestic Sheet Price Hike
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Our Advance/Decliner Index rose slightly after hitting a one-year low last week due solely to…
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U.S. Rig Count Posts Largest Jump in over 2 Years
The number of active oil and natural gas rigs in the United States rose by 24 to 1,776 for the week ending March 15, 2013 – up 1.4% from last week – the largest weekly percentage increase since December 2011 – but still down 10.5% from last year.
The highest weekly rig count in the United States since 1940 was recorded on December 28, 1981, at 4,530; the lowest was recorded on April 23, 1999, at 488.
The number of rigs in Canada fell 13.3% this week, coming in at 503 from 580 last week and down 2.7% from last year.
The highest rig count for Canada was 727 on February 3, 2006; the lowest was 29, recorded on April 24, 1992.
Source: Baker Hughes Inc.
