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    US Baker Hughes Oil Rig Counts

    Baker Hughes has issued the rotary rig counts as a service to the petroleum industry since 1994. So basically, the company will report the number of active oil and gas rigs weekly. Although Baker Hughes Rig Counts are more important barometer for drilling industry and its suppliers. When drilling rigs are active, they consume products […] More

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    US Crude Oil Inventories

    In oil trading, it is important to know about the US crude oil inventories reports since they reflect the demands of crude oil which will directly impact the crude oil price. Basically, there are two reports every week, one is by American Petroleum Institute (API), another is by Energy Information Administration (EIA). They measure the […] More