bbl price - why so low?
Discussion in 'Oilfield Trucking Forum' started by RockinChair, May 9, 2017.
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diesel drinker Thanks this.
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Not lesser demand. Rather oversupply due to some OPEC countries flooding the market.
Jazz1, diesel drinker and RockinChair Thank this. -
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rearview Thanks this.
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https://www.indexmundi.com/energy/?country=us&product=oil&graph=consumption77fib77 and RockinChair Thank this. -
http://www.wtrg.com/rotaryrigs.html
@RockinChair Here's is the rig count. Go towards the bottom and they have graphs.RockinChair Thanks this. -
Market flooded with oversupply. The US and the rest of the world use more oil now more than ever. The U.S. uses around 25 million Barrels a day. Just wait until the developing countries become middle class.
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Every month 400 people find a job with the help of TruckersReport.