US 738 crude borehole numbers this week are the same as last week

US 738 crude borehole numbers this week are the same as last week



November 18 - US crude borehole numbers this week were unchanged from last week.
According to energy service provider Baker Hughes, US crude borehole numbers this week totaled 738 last week, the same as last week.

The crude oil borehole is a leading indicator for estimating future oil production, which is still high compared with 471 crude oil bore holes in operation a year ago.

US light crude (WTI) prices in the US have been around $ 50 a barrel this year. The average of last year is above $ 43.47. The WTI this week traded at about $ 56 per barrel. It retreated slightly from its record high of $ 58 in July 2015. The WTI is expected to trade at $ 56 per barrel for the rest of the year and next year.

According to US investment bank Cowen Nco, US oil producers have increased their spending on drilling facilities by about 53 percent over the previous year.
"The United States will be a clear leader in oil and gas production all over the world," said Party Secretary General of the International Energy Agency (IEA), who says the US energy business will be resurrected by hydropower technology. The IEA expects the United States to account for more than 80 percent of global crude oil production growth in the next decade.

In its monthly mining productivity report, the US Energy Information Administration (EIA) predicted that shale oil production in the United States would increase by 12 consecutive months to an average of 6.2 million barrels a day by next month. The US total production this year is expected to rise to an average of 9.2 million barrels a day, and it is expected to reach 10 million barrels next year. Last year, US production was 9 million barrels. The largest volume of oil production in the history was recorded in the year of 1960 million barrels.

Comments

Post a Comment

Popular posts from this blog

Zimbabwe's Mugabe, ignoring deadline to retire ... The ruling party "discussing impeachment"

Image
Zimbabwe's Mugabe, ignoring deadline to retire ... The ruling party "discussing impeachment" "Mugabe, conditional resignation agreement" There is no official announcement yet Nigerian leaders begin "impeachment proceedings" now ... Ruling party's day (Cairo, 2007) - Robert Mugabe, the 37-year-old ruler of Zimbabwe, faced an impeachment crisis without publicly declaring his position in the ultimatum. Mugabe has not publicly announced his intention to resign at noon, according to Zimbabwean media, the BBC and the AFP. Zimbabwe's Zimbabwean African National Alliance Patriotic Front (ZANU-PF) has virtually ignored an ultimatum that it would push for impeachment if it does not retire by noon. US President George W. Bush has said he has agreed to resign, but no official announcement of his resignation has been made. As a result, the ruling party-led impeachment process is expected to start counting down. After the end of the deadli
Read more

Trump "Unemployment rate down 4% in term ... Next year's economic boom"

Image
Trump "Unemployment rate down 4% in term ... Next year's economic boom" US President Donald Trump said he would lower his unemployment rate to less than 4 percent in his term. Trump said in his Twitter account that "the unemployment rate will fall below 4 percent under President Trump." "Analysts are expecting an economic boom in 2018," he added. The media has interpreted it in connection with a situation in which his strong tax bill passes the House of Representatives last week and is about to vote in the Senate. The Trump government expects the Gross Domestic Product (GDP) of the United States to grow by 3-5% over the long term if tax cuts that lower the corporate income tax rate from the current 35% to 20% are implemented.
Read more