The most widely used source of information regarding petroleum industry drilling activity is supplied by Baker Hughes, a General Electric subsidiary and global provider of integrated oilfield products, services and digital solutions. Each week, they publish industry figures, most notably the U.S. oil drilling rig count (ordinarily Fridays at 1:00 PM Continue reading “A word on petroleum statistics”
Tag: rig count
U.S. oil drilling rig count reported weekly by Baker Hughes.
EIA weekly figures
The U.S. Energy Information Administration (EIA) published its weekly figures at 11:00 AM this morning owing to the Christmas week holiday schedule. As ongoing evidence of shrinking petroleum reserves, total stocks in the past week declined 8.7 million barrels, including a decline of 4.5 million barrels for crude oil. These numbers out of the U.S., Continue reading “EIA weekly figures”
themoneynarrative investing and petroleum industry commentary
Themoneynarrative is a firm believer in independent thinking. Long-term investing success requires a disciplined and unemotional approach that considers global, regional, sector and corporate factors. Information is critical, but evaluation of its value and veracity is key. Seeing the forest, and not just the trees, is more than just an expression. Continue reading “themoneynarrative investing and petroleum industry commentary”
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