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Released August 23, 2021 | SUGAR LAND
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Energy Market highlights gathered by Industrial Info and IIR Energy
PRODUCTION
U.S. Drillers Add Oil Rigs - U.S. energy firms last week added oil and natural gas rigs for a third week in a row. The oil and gas rig count rose three to 503 in the week ending August 20, its highest since April 2020, energy services firm Baker Hughes Company (NYSE:BKR) (Houston, Texas) said. U.S. oil rigs rose eight to 405 in the week, their highest since April 2020, while gas rigs fell five to 97, registering their biggest weekly decline in 16 months. (Reuters)
CRUDE OIL
Oil Posts Biggest Weekly Loss in Nine Months - Oil prices closed out their biggest week of losses in more than nine months with another down day on Friday. Brent crude oil settled down $1.27, or 1.9%, to $65.18 a barrel, its lowest since April and down about 8% for the week. U.S. West Texas Intermediate (WTI) crude oil for September settled down $1.37, or 2.2%, to $62.32 a barrel on Friday, to lose more than 9% for the week. (Reuters)
PIPELINES
Putin: Just 15 Kilometers Left to Go on Nord Stream 2 - There are only 15 kilometers (9 miles) left to finish the Nord Stream 2 gas pipeline from Russia to Germany that bypasses Ukraine, Russian President Vladimir Putin said on Friday. Subscribers to Industrial Info's Global Market Intelligence (GMI) Pipeline Project Database can click here for related project reports. (Reuters)
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About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the commodity-trading community. We are the number one source for information about power plant outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
PRODUCTION
U.S. Drillers Add Oil Rigs - U.S. energy firms last week added oil and natural gas rigs for a third week in a row. The oil and gas rig count rose three to 503 in the week ending August 20, its highest since April 2020, energy services firm Baker Hughes Company (NYSE:BKR) (Houston, Texas) said. U.S. oil rigs rose eight to 405 in the week, their highest since April 2020, while gas rigs fell five to 97, registering their biggest weekly decline in 16 months. (Reuters)
CRUDE OIL
Oil Posts Biggest Weekly Loss in Nine Months - Oil prices closed out their biggest week of losses in more than nine months with another down day on Friday. Brent crude oil settled down $1.27, or 1.9%, to $65.18 a barrel, its lowest since April and down about 8% for the week. U.S. West Texas Intermediate (WTI) crude oil for September settled down $1.37, or 2.2%, to $62.32 a barrel on Friday, to lose more than 9% for the week. (Reuters)
PIPELINES
Putin: Just 15 Kilometers Left to Go on Nord Stream 2 - There are only 15 kilometers (9 miles) left to finish the Nord Stream 2 gas pipeline from Russia to Germany that bypasses Ukraine, Russian President Vladimir Putin said on Friday. Subscribers to Industrial Info's Global Market Intelligence (GMI) Pipeline Project Database can click here for related project reports. (Reuters)
About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the commodity-trading community. We are the number one source for information about power plant outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
