The flat-rolled steel market looks poised for continued gains despite widespread concerns about higher freight costs stemming from the Iran War, according to SMU's latest steel market survey.
Drilling activity declined in both the US and Canada this week, according to active oil and gas rig count figures released from Baker Hughes on Friday.
Could we see prices continue to inch higher, plateau, and then start to slide back? A lot hinges on whether and how long it takes mills to catch up on orders.
The latest count of operational drilling rigs declined in both the US and Canada this week, according to recently released data from Baker Hughes.
The latest tally of active oil and gas rigs increased in the US this week but declined in Canada, according to figures recently released from Baker Hughes.
The main impact on the ferrous value chain from the Middle East conflict will be the higher energy costs in a prolonged scenario.
The latest count of operational oil and gas rigs increased in both the US and Canada this week, according to the latest data released from Baker Hughes.
The latest tally of operational oil and gas rigs increased this week in both the US and Canada, according to the latest figures published by Baker Hughes.
The number of oil and gas rigs operating in the US fell this week, while Canadian activity recovered further, according to the latest data released from Baker Hughes.
The number of oil and gas rigs operating in the US ticked higher this week, while Canadian activity tumbled, according to the latest data released from Baker Hughes.
In this Premium analysis we examine North American oil and natural gas prices, drill rig activity, and crude oil stock levels through December
Baker Hughes reported higher oil and gas drilling activity this week in both the US and Canada.
US counts continue to hover just above historic lows, while Canadian figures remain comparatively healthy.
Oil and gas drilling activity increased this week in the US and Canada for the third consecutive week, according to the latest Baker Hughes rig count data. US counts continue to hover just above historic lows, while Canadian figures remain comparatively healthy.
US rig counts continue to hover just above historic lows, while Canadian figures remain comparatively healthy.
In this Premium analysis we examine North American oil and natural gas prices, drill rig activity, and crude oil stock levels through September. Trends in energy prices and rig counts serve as leading indicators for oil country tubular goods (OCTG) and line pipe demand.
Active rig counts increased in both the US and Canada last week, according to figures released by Baker Hughes. Although rising, US counts continue to hover just above historic lows. Canadian figures remain comparatively healthy, rising to a six-month high this week. Total US rig counts climbed by two week over week (w/w) to 539. […]
Drilling activity increased in both the US and Canada last week, according to the latest oil and gas rig count data released by Baker Hughes.
Drilling activity slowed in the US and increased in Canada last week, according to the latest oil and gas rig count data released by Baker Hughes.
Drilling activity increased in both the US and Canada for the week ended July 18, according to the latest data from Baker Hughes.
US oil and gas drilling activity continued to decline for the 11th consecutive week, while Canadian counts climbed for the sixth week in a row, according to the latest data from Baker Hughes.
Oil and gas drilling activity declined for the ninth-consecutive week in the US, while Canadian counts rose for the fourth straight week, according to Baker Hughes.
Not many people in the North American steel market had direct US involvement in another Middle East conflict on their bingo card. Prices weren't expected to shoot higher unless something unexpected happened. That unexpected something has now happened. And there is talk of oil at $100 per barrel. What does that mean for steel?
Oil and gas drilling activity declined in the US again this week the US, while Canadian counts improved, according to Baker Hughes.
In this Premium analysis we examine North American oil and natural gas prices, drill rig activity, and crude oil stock levels. Trends in energy prices and rig counts serve as leading indicators for oil country tubular goods (OCTG) and line pipe demand.
Oil and gas drilling activity declined again this week in both the US and Canada, according to Baker Hughes.
Oil and gas drilling activity declined in both the US and Canada this week, according to Baker Hughes.
An analysis of the North American energy market in May.
Oil and gas drilling activity declined again this week in the US and Canada, according to Baker Hughes.
Oil and gas drilling activity eased in both the US and Canada this week, according to Baker Hughes. US rig counts remain near multi-year lows, and Canadian activity continues its seasonal slowdown.