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Baker Hughes

2020 And Rig Counts

By: Matt Karol / Posted on: January 6, 2020

After the recent drone strike and killing of Iran’s major general Qasem Soleimani, it goes without saying the United States may experience more difficulties importing crude oil from the Middle East.  Along with external problems, the U.S. also faces internal issues.  As we go into 2020, we are starting to see a decline in rig counts.  According to Baker Hughes, just this past week alone, the U.S. had lost nine oil rigs causing our rig count to be less than 279.

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Where are US Crude Exports Going?     

By: Pam Corn / Posted on: April 2, 2018

China has responded to the Trump administration’s recently implemented tariffs on steel and aluminum with tariffs on imports of 128 American made products that range from 15% to 25%. The list of products are wine, frozen pork, nuts, fruits and aluminum scrap.   Not on the list, U.S. crude.  

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