US drilling companies reduce the number of oil rigs for the week V

US drilling companies reduce the number of oil rigs for the week V

© Reuters. Report: American drilling companies reduce the number of oil rigs for the week fifth © Reuters. Report: American drilling companies reduce the number of oil rigs for the week V
(Reuters) - US energy companies reduced the number of researcher drilling platforms for oil by 26 platform and in the fifth weekly decline in a row, according to data released on Friday in what gives a sign that the low oil prices discourage drilling activity for promoting companies.

The oil services firm Baker Hughes in its report, which has the follow-up and wide that the decline in the week ending on the second of October, reducing the number of operating platforms to the 614 platform, the lowest number since August 2010. The reduced drilling companies during the past four weeks the number of platforms by 35 platform According to Baker Hughes.
The number of drilling rigs in the same week of last year's 1591 platform was recorded the highest number of platforms in October 2014 at 1609 platforms.
The average price of US crude this week $ 45 a barrel, the same average price in the month of September due to the continued decline in global demand and concerns about oversupply.
In spite of a drop in drilling increased US production of oil to 9.4 million barrels per day in July from 9.3 million barrels per day in June, according to the latest report by the Energy Information Administration on production.
But this level is still lower than the highest level was recorded in April, which amounted to 9.6 million barrels per day and was the highest level of oil production in the United States since the early seventies.
Previous
Next Post »