Would you like to start a free subscription?
Remember me | Forgot password
For full content view: Log in Now!
The US rotary rig count dropped drastically in December to 1,782 from 1,935 in November. The international rig market has remained relatively stable at 1,539, down slightly from the previous month.
WTI averaged $41.12 per bbl for the month, down almost $100 from the extreme highs of last June. Natural gas prices appeared to make a comeback in November, but have dropped back down in December to $5.37 per Mcf.
December global oil supply remained steady at 85.67 million bpd. OPEC production fell by 330,000 bpd, but Saudi Arabia appears to be one of the few members of OPEC abiding by the cuts announced on Dec. 17, decreasing production by 440,000 bpd. Iran and the United Arab Emirates increased production by over 100,000 bpd each. Brazil had a 160,000-bpd increase in December to 2.38 million bpd, the largest increase overall for the month.
This area of the site is restricted.
In order to gain access, please either Log
In, or subscribe to World Oil.
Two options are available to you for creating an account.
1. Get a Free Trial Subscription to World Oil Magazine and gain immediate access to select content on World Oil Online.
Start a Free Trial Subscription and gain immediate access to the complete current issue of World Oil Magazine. Plus, you’ll receive 3 upcoming issues of World Oil Magazine in print or digital format.* You also receive access to the Energy Events Calendar, Industry Statistics and WO Wire’s news and industry coverage.
2. Purchase a subscription to World Oil magazine and gain immediate
and complete access to World Oil Online. As a Total Access subscriber
you will have access to all areas of the site available to registered users and
free subscribers as well as having access to such premium content areas as:
Physical copies of this content may be available for purchase. Visit the Reprints & Back Issues section.
If you are already a paid subscriber and do not have access, please email CustomerService@worldoil.com.
World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.
Aberdeen - December 2-3
Calgary - December 8-8
Mangaf - December 8-10
All material subject to strictly enforced copyright laws.
© 2014 World Oil. © 2014 Gulf Publishing Company.