Remember me | Forgot password
For full content view: Log in Now!
Fears of slowing growth in China, coupled with economic instability in the euro zone, kept oil prices falling in May. Crude prices were down as much as 20% from their 12-month highs, with Brent Blend and Saudi Light staying in lock-step at around $110/bbl. Global oil inventories continued to rise moderately, with increases in the U.S. and Canada more than making up for steady production declines in the North Sea. The rotary rig count in the U.S. stayed virtually flat at around 1,977 units running, but remained about 8% above year-ago levels. Offshore, the utilization rate worldwide hovers above 80% of available rigs.
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.
Denver, CO - December 11-13
Doha - January 20-22
Cancun - January 27-29
All material subject to strictly enforced copyright laws.
© 2013 World Oil. © 2013 Gulf Publishing Company.