Industry at a glance

Vol. 232 No. 11

INDUSTRY AT A GLANCE

HENRY.TERRELL@GULFPUB.COM

Non-OPEC production caused global supplies to dip by 300,000 bpd in September, as the European economic crisis put a damper on demand. OECD oil stocks fell by 3.4 million bbl, and further declines are expected. Worldwide GDP growth estimates have been revised downward, and are now expected to average 3.8% this year and 3.9% in 2012. Oil futures strengthened, as light, sweet crude for December delivery reached a high of $90.32/bbl on the New York Mercantile Exchange, up $2.92, or 3.3%. Brent crude on the ICE Futures Europe exchange was up $1.24, or 1.1%, to $110.80/bbl.

US Gas Prices ($/MCF) and Production (BCFD) Graph		World Oil Production Table
Seismic Crews Working in US Table		Selected World Oil Prices Graph
US Rotary Drilling Rigs Graph		Seismic Crews Working Internationally Table
US Rotary Drilling Rigs Table		International Rotary Rig Graph
Workover Rig Table		International Rotary Rig Table
US Oil Production		International Offshore Rigs Table