The hottest Rig Count Substack posts right now

And their main takeaways
Category
Top Finance Topics
Ancova 58 implied HN points 23 Feb 23
  1. Prompt-month WTI crude oil trading at $75.87/bbl, influenced by SPR releases and refinery maintenance.
  2. Chinese firms hiring supertankers to haul US crude back to Asia, benefiting from arbitrage opportunities.
  3. US rig count up by 14, Permian basin leading with 360 active rigs, expected overall rig count growth throughout 2023.
Ancova 19 implied HN points 13 Jul 23
  1. Crude oil prices are rising due to various positive factors like OPEC cuts and a weaker US Dollar.
  2. IEA has reduced its oil demand growth forecast, but still expects global demand to be at record highs.
  3. Natural gas prices are stable despite increased demand, thanks to record production levels and high storage.
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Ancova 19 implied HN points 04 May 23
  1. Crude oil prices have been falling due to various factors like interest rate hikes and negative consumer sentiment.
  2. The U.S. rig count has dropped below 800 for the first time since April 2022, with expectations of activity picking up later in the year.
  3. Natural gas futures are facing pressure from oversupply, subdued demand, and falling prices in the Midcontinent region.