So, it turns out The Wall Street Journal doesn’t have a section in their fine publication devoted to coated components. But here’s the thing – what we do, what you do, it’s a BIG deal. So we’re not going to quit our day jobs, but we monitor what’s going on and post it here on our site. Make sure to bookmark this page, visit often and tell your friends. This is your hub for news and updates for the industry.
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In this video from Platts,Bentek analysts Ross Wyeno and Kaitlin Meese discuss the future of gas trading between the U.S. and Mexico. VIDEO: US gas exports to Mexico seen doubling over the next five years By: Ross Wyeno and Kaitlin Meese See the video here.
OPEC is letting oil prices slide without cutting production to see if North American production can withstand lower prices. So far, the U.S. is holding up with the government forecasting record shale output in November. Businessweek reports on the tactics each side is using in trying to maintain and grow market share. OPEC Finding U.S. Shale Harder to Crack as Rout Deepens By: Grant Smith and Dan Murtaugh OPEC is resisting pressure to cut oil production while demand slumps as it tests how low prices must go to make U.S. shale oil unprofitable. As producers become more efficient, that floor is sinking. The Organization of Petroleum Exporting Countries boosted output by the most in 13 months in September, even as crude plunged into a bear market and demand growth weakens to a five-year low, according to the International Energy Agency. Saudi Arabia and Kuwait, the largest and third-largest members of OPEC, indicated the price slump doesnt warrant immediate production cuts, the IEA
Baker Hughes Incorporated has posted Weekly Rig Count reports to its Investor Relations website. BHI Rig Count: U.S. +11 to 1925, Canada +5 to 414 By: Baker Hughes Incorporated BHI Rig Count: U.S. +11 to 1925 rigs U.S. Rig Count is up 11 rigs from last week to 1925, with oil rigs up 9 to 1584, gas rigs up 2 to 340, and miscellaneous rigs unchanged at 1. U.S. Rig Count is up 158 rigs from last year at 1767, with oil rigs up 219, gas rigs down 54, and miscellaneous rigs down 7. The U.S. Offshore rig count is 65, down 1 rig from last week, and unchanged year over year. To read the rest of this article, visit Baker Hughes.