Tuesday, June 27, 2017

Active Rigs Holding At 59 -- June 27, 2017

Active rigs:

Active Rigs593075193187

RBN Energy: after a long night, gas-weighted US E&Ps see a new dawn of profitability.

Summer: height of driving season; oil and gasoline glut; oil around $44. Come this fall, the US driving season ends, demand drops, but oil production is likely to maintain or even increase ... current floor for some seems to be $37 to $43.

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