Drilling activity increased in the US this week but declined in Canada, according to active oil and gas rig count figures recently released from Baker Hughes. The US rig count rose by four to 595 rigs this week, now at the highest level recorded in over two years. Canadian counts eased to a 10-week low of 197 this week, down 10 rigs from the prior week.
The US Department of Commerce has raised the anti-dumping duties (AD) on imports of oil country tubular goods (OCTG) from Vietnam.
The latest Baker Hughes rig count figures show that oil and gas drilling increased in both the US and Canada through this week. Drilling is substantially higher than it was this time last year.
The US International Trade Commission (ITC) has voted not to sunset anti-dumping and countervailing duties (AD/CVDs) on imports of oil country tubular goods (OCTG) from a handful of nations.
Drilling activity held steady in the US but eased in Canada this week, according to recently released Baker Hughes rig count data.
The US Department of Commerce has made a preliminary subsidy determination in the trade case targeting imports of oil country tubular goods (OCTG), while also postponing the initial decision in the dumping portion of the case.
Baker Hughes’ latest data shows US oil and gas drilling activity was steady this week at a multi-month high, while activity slowed slightly in Canada.
Drilling activity eased in both the US and Canada this week, receding from multi-month highs, according to recently released Baker Hughes rig count data.
The latest Baker Hughes data shows drilling activity picked up in the US last week while edging higher in Canada.
Baker Hughes' latest data shows US oil and gas drilling activity was steady this week at a multi-year high, while activity slowed slightly in Canada.
Drilling activity increased in both the US and Canada this week, touching new multi-month highs, according to recently released Baker Hughes figures.
Drilling activity remained at or near multi-month highs in both the US and Canada this week, according to recently released oil and gas rig count figures by Baker Hughes.
Drilling activity ticked higher this week in both the US and Canada, according to recently released rig count data from Baker Hughes.
The latest data from Baker Hughes show that oil and gas drilling in the US was steady last week, while it tapered off further in Canada.
Oil and gas drilling activity in the US picked up over the past week, while drilling in Canada slowed, according to the latest Baker Hughes rig counts.
Drilling activity ticked higher this week in both the US and Canada, according to recently released rig count figures from Baker Hughes.
Oil and gas drilling activity in Canada picked up over the past week, while drilling in the US remained mostly steady.
US and Canadian drilling activity ticked higher this week, according to recently released data from Baker Hughes.
Steel imports could become even more prohibitive, facing even higher tariffs, pending the outcome of the Trump administration’s Section 301 investigation.
The US and Canadian rig counts moved higher as oil and gas drilling picked up in the week ending May 29, according to the latest report from Baker Hughes.
Tenaris, alongside Ontario’s provincial and Canada’s federal governments’ pledge $30Canadian $306 million (USD$221.6 million) to modernize and expand Tenaris’ Ottawa-based industrial center.
The US and Canadian rig counts both increased this week, according to the latest data from Baker Hughes.
This Premium analysis examines oil and natural gas prices, drill rig activity, crude oil stock levels, and fuel prices through May.
U.S. Steel plans to increase prices for seamless oil country tubular goods (OCTG) by $300 per ton.
The United States International Trade Commission (ITC) has voted to continue investigations into oil country tubular goods (OCTG) from Austria, Taiwan, and the United Arab Emirates (UAE).
The US rig count crept higher for a fourth week, while Canada's count held steady for a second, according to the latest data from Baker Hughes.
US and Canadian drilling activity both ticked higher this week, according to recently released data from Baker Hughes.
OCTG imports from China will continue to face US anti-dumping and countervailing duties for at least another five years.
The Trump administration's invocation of the Defense Production Act authorizes the Department of Energy to use DPA tools to accelerate construction, expand domestic manufacturing capacity, and shore up critical supply chains – all areas with direct implications for steel.
Drilling activity increased in the US this week but declined in Canada, per Baker Hughes.