U.S. Drillers Drop Oil and Gas Rigs Heading Into Earnings Season

U.S. oil rigs fell gain this week General Electric Co’s Baker Hughes reported as we head into earnings season and the hurricane season continues with maintainence and disruptions. On a monthly basis rigs fell 9 in September, after declining 7 in August. 

EIA Oil Inventories -2747k Crude Draw +2490k Gasoline Build

Our post Harvey TCOIL preview for this week’s EIA DOE Weekly Petroleum Status Report highlights the key variables to watch out for. Crude oil markets are watching for products and production after the hurricanes with the all important import export trade.

EIA Oil Inventories – 6023k Crude Draw +1644k Gasoline Build

Our post Harvey TCOIL preview for this week’s EIA DOE Weekly Petroleum Status Report highlights the key variables to watch out for. Crude oil markets are watching for products and production after the hurricanes with the all important import export trade.

With Crude Higher U.S. Oil Rigs Rise Again After Just 3 Weeks

U.S. oil rigs rose again this week with WTI oil back over $52. Rigs had fallen the past three with maintainence and Harvey disruptions. On a monthly basis it is down by 9 in September, after declining 7 in August. U.S. drillers added six oil rigs in the week to Sept. 29 General Electric Co’s Baker Hughes reported. 

Transocean $RIG Takes $1.4 Billion Charge, Retires 6 Ultra-Deepwater Rigs

  Deep sea driller Transocean $RIG announced Friday that it retire six ultra-deepwater floaters and that as a result they will recognize an impairment charge of $1.4 billion in the third quarter of 2017. $RIG Is up near 2% on the news.

EIA Oil Inventories +4.591M Crude Build -2.125M Gasoline Draw #TCOIL

Our post Harvey TCOIL preview for this week’s EIA DOE Weekly Petroleum Status Report highlights the key variables to watch out for. Crude oil markets are watching for products and production after the hurricanes with the all important import export trade.