Category Archives: OCTG domestic shipments

Orbiting The OCTG Space: Inventories Down Amidst A Cluster of Conditions

Posted on April 30, 2024 by The OCTG Situation Report®

Greetings earthlings! We hope all remains well in your galaxies. It’s been quite a cosmic start to the year you might say, what with two eclipses and a bunch of planetary retrogrades, not to mention four forthcoming super full moons … Continue reading →

Posted in 1Q24 OCTG Inventory Survey, Crude Oil Prices, E&P, E&P spending, Energy, ERW Pipe, Fracking, Hot Rolled Coil, Hot Rolled Coil Prices, HRC, Nat Gas Prices, OCTG, OCTG CAPEX, OCTG Consumption, OCTG Consumption & Pricing, OCTG domestic shipments, OCTG Exports, OCTG Imports, OCTG Inventory Survey, OCTG Mills, OCTG Processors, OCTG Producers, OCTG Spot Prices, Oil & Gas Industry, Oil & Gas Pricing, Oil Country Tublular Goods, Oil Patch, Oil Services & Equipment, Oilpatch, Onshore, Permian Basin, Prime Pipe, Q1, steel industry, Supply Chain, Tubular Goods, U.S. CAPEX, U.S. HRC Spot Price, upstream OCTG, WTI prices | Tagged E&P, ERW OCTG, OC Seamless, OCTG, OCTG Consumption, OCTG Consumption & Pricing, octg distributors, OCTG Imports, OCTG mills, OCTG Pricing, OCTG Processors, Oil & Gas Industry, Oil Country Tubular Goods, The OCTG Situation Report | Leave a comment

OCTG Supply: Will 2024 Buck Last Year’s Trends?

Posted on March 27, 2024 by The OCTG Situation Report®

Talk about “energy”: Houston was a barrel of fun in March, closing out the world’s largest Livestock Show and Rodeo on St. Patrick’s Day, and commencing the “industry’s Super Bowl,” CERAWeek, the day after. Is it any wonder? After all, … Continue reading →

Posted in ERW Pipe, OCTG, OCTG Consumption, OCTG Consumption & Pricing, OCTG domestic shipments, OCTG Exports, OCTG Forecast 2024, OCTG Imports, OCTG inventories, OCTG Mills, OCTG Pricing, OCTG Processors, OCTG Producers, OCTG Rig Count 2024, OCTG Spot Prices, Offshore Technology Conference, Oil & Gas Industry, Oil & Gas Pricing, Oil Country Tublular Goods, Oil Patch, Oil Services & Equipment, Onshore, Permian Basin, Prime Pipe, Seamless Pipe, steel industry, Steel Trade Case, Tubular Goods, upstream OCTG, WTI prices | Tagged E&P, ERW OCTG, OCTG, OCTG Consumption, OCTG Forecast 2024, OCTG Imports, OCTG mills, OCTG Pricing, OCTG Processors, OCTG Seamless, Oil & Gas Industry, Oil Country Tubular Goods, oil rig activity, Rig Count, The OCTG Situation Report | Leave a comment

OCTG 2023: The Beginning, ‘Muddle’, and End

Posted on February 28, 2024 by The OCTG Situation Report®

As we closed the chapter on another year in the US OCTG market, our Cliffs Notes version of 2023 can be summed up as, “a year with a distinct beginning, ‘muddle,’ and end.” And so began our highly coveted “Annual State of the Industry Report.” Therein, our subscribers found the inside story on the year that was, along with a host of vital metrics comparing annual OCTG stats for the past three years. Continue reading →

Posted in Annual Report, CAPEX, Crude Oil Prices, Department of Commerce, E&P, E&P spending, Energy, ERW Pipe, Hot Rolled Coil, Hot Rolled Coil Prices, HRC, Inventory, Nat Gas Prices, O&G Mergers, OCTG, OCTG Consumption, OCTG Consumption & Pricing, OCTG domestic shipments, OCTG Exports, OCTG Imports, OCTG inventories, OCTG Inventory Survey, OCTG Mills, OCTG Pricing, OCTG Processors, OCTG Producers, OCTG Spot Prices, Oil & Gas Industry, Oil & Gas Pricing, Oil Country Tublular Goods, Oil Patch, Oil Services & Equipment, Onshore, Permian Basin, Prime Pipe, Seamless Pipe, Shale Plays, steel industry, Supply Chain, Tubular Goods, U.S. CAPEX, U.S. HRC Spot Price, upstream OCTG, WTI prices | Tagged E&P, ERW OCTG, OCTG, OCTG Capacity, OCTG Consumption, OCTG Consumption & Pricing, OCTG Imports, OCTG mills, OCTG Pricing, OCTG Processors, Oil Country Tubular Goods, The OCTG Situation Report | Leave a comment

OCTG in Q3 Halloween Edition: Goblin Up the Inventory

Posted on October 25, 2023 by The OCTG Situation Report®

For those seeking asylum from the mid-‘year’ crisis hereby dubbed the third quarter slump, the results of our exclusive 3Q23 OCTG Inventory Yard Survey may be the least scary thing of the festive fall season. In fact, for most of … Continue reading →

Posted in 3Q23 OCTG Inventory, OCTG, OCTG Consumption, OCTG Consumption & Pricing, OCTG domestic shipments, OCTG Exports, OCTG Imports, OCTG inventories, OCTG Inventory Survey, OCTG Mills, OCTG Pricing, OCTG Processors, OCTG Producers, OCTG Spot Prices, upstream OCTG | Tagged 3Q23 OCTG Inventory, E&P, OCTG, OCTG Consumption, OCTG Imports, OCTG mills, OCTG Pricing, OCTG Processors, Oil & Gas Industry, Oil Country Tubular Goods | Leave a comment

OCTG Fall Color from 30,000 Feet: Pitfalls & Windfalls

Posted on September 27, 2023 by The OCTG Situation Report®

The official start of fall comes later this week with the autumnal equinox on September 23, but by all measures the OCTG business got a head start on the ‘fall’ season this year. While prices and shipments started to drop … Continue reading →

Posted in Crude Oil Prices, E&P, E&P spending, Energy, ERW Pipe, Hot Rolled Coil, Hot Rolled Coil Prices, HRC, Inventory, Nat Gas Prices, OCTG, OCTG CAPEX, OCTG Consumption, OCTG Consumption & Pricing, OCTG domestic shipments, OCTG Exports, OCTG Imports, OCTG inventories, OCTG Mills, OCTG Pricing, OCTG Processors, OCTG Producers, OCTG Spot Prices, Oil & Gas Industry, Oil & Gas Pricing, Oil Country Tublular Goods, Oil Patch, Oil Services & Equipment, Permian Basin, Prime Pipe, Seamless Pipe, Shale Plays, steel industry, Tubular Goods, U.S. HRC Spot Price, U.S. Steel, upstream OCTG, WTI prices | Tagged 1Q23 OCTG Inventory, 2015 OCTG Consumption, E&P, ERW OCTG, OCTG, OCTG Capacity, OCTG Consumption, OCTG Consumption & Pricing, OCTG Drilling Permits, OCTG Imports, OCTG mills, OCTG Pricing, OCTG Processors, Oil & Gas Industry, Oil Country Tubular Goods, The OCTG Situation Report | Leave a comment

OCTG’S Q2 Curveball: A Win or Rainy Day Delay?

Posted on July 27, 2023 by The OCTG Situation Report®

When it comes to OCTG inventory, it’s commonly accepted that The OCTG Situation Report is in a league of its own. Each quarter we swing into action to report the results of the prior quarter. By now, most oil patch … Continue reading →

Posted in 2Q23 OCTG Inventory, ERW Pipe, Hot Rolled Coil, HRC, Inventory, Nat Gas Prices, OCTG, OCTG Consumption, OCTG Consumption & Pricing, OCTG domestic shipments, OCTG Exports, OCTG Imports, OCTG Inventory Survey, OCTG Mills, OCTG Pricing, OCTG Processors, OCTG Producers, OCTG Spot Prices, Oil & Gas Industry, Oil & Gas Pricing, Oil Country Tublular Goods, Oil Patch, Onshore, Prime Pipe, Seamless Pipe, Tubular Goods, upstream OCTG, WTI prices | Tagged ERW OCTG, OCTG, OCTG Consumption, OCTG Consumption & Pricing, octg distributors, OCTG domestic shipments, OCTG Imports, OCTG Pricing, OCTG Processors, OCTG Seamless, Oil & Gas Industry, Oil Country Tubular Goods, prime pipe, The OCTG Situation Report | Leave a comment

CERAWeek’s Muted Refrain: “Que Sera, ‘CERA.’”

Posted on March 29, 2023 by The OCTG Situation Report®

The once thunderous ‘Shalelujah Chorus’ that led prior CERAWeek congregations was more muted than in past years as discussion of sweet crude’s sweet spot atrophy was on full display this March in Houston. And while one might think the US … Continue reading →

Posted in OCTG, OCTG CAPEX, OCTG Consumption, OCTG Consumption & Pricing, OCTG domestic shipments, OCTG Exports, OCTG Forecast 2023, OCTG Imports, OCTG inventories, OCTG Inventory Survey, OCTG mill, OCTG Mills, OCTG Pricing, OCTG Processors, OCTG Producers, OCTG Spot Prices, upstream OCTG | Tagged E&P, ERW OCTG, OCTG, OCTG Capacity, OCTG Consumption, OCTG Consumption & Pricing, octg distributors, OCTG domestic shipments, OCTG Drilling Permits, OCTG Exports, OCTG Forecast 2023, OCTG Imports, OCTG mills, OCTG Pricing, OCTG Processors, Oil & Gas Industry, Oil Country Tubular Goods, The OCTG Situation Report | Leave a comment

What’s Up Downhole in “The Year of the Water Rabbit”

Posted on January 31, 2023 by The OCTG Situation Report®

As we enter “The Year of the Water Rabbit,” one can’t help but wonder if it will be as hair-raising as the three years that proceeded it? Chinese lore has it that the Water Rabbit symbolizes peace and prosperity so … Continue reading →

Posted in 2023 E&P Budgets, CAPEX, Crude Oil Prices, E&P spending, Energy, ERW Pipe, Fracking, Hot Rolled Coil, HRC, Inventory, Nat Gas Prices, OCTG CAPEX, OCTG Consumption, OCTG Consumption & Pricing, OCTG domestic shipments, OCTG Exports, OCTG Imports, OCTG inventories, OCTG Inventory Survey, OCTG Mills, OCTG Pricing, OCTG Processors, OCTG Producers, OCTG Spot Prices, Oil & Gas Industry, Oil & Gas Pricing, Oil Country Tublular Goods, Oil Patch, Onshore, Permian Basin, Prime Pipe, Q4, Seamless Pipe, steel industry, Supply Chain, Tubular Goods, U.S. CAPEX, U.S. HRC Spot Price, upstream OCTG, WTI prices | Tagged 4Q23, E&P, OCTG, OCTG Consumption, OCTG Consumption & Pricing, octg distributors, OCTG Imports, OCTG Inspection Yards, OCTG inventories, OCTG Inventory, OCTG Inventory Survey, OCTG mill shipments, OCTG mills, OCTG Pricing, OCTG Processors, OCTG Producers, OCTG Spot Prices, OCTG Supply, OCTG Supply Forecast, Oil & Gas Industry, Oil Country Tubular Goods, The OCTG Situation Report, upstream OCTG | Leave a comment

Q3 OCTG Inventory Quarterly: Back to the Future

Posted on October 26, 2022 by The OCTG Situation Report®

Another quarter wrapped; time to zoom in on the results of our exclusive OCTG inventory yard survey. First, we want to give props to the cast and crew who work behind the scenes to make this production possible each quarter. … Continue reading →

Posted in Hot Rolled Coil, HRC, Inventory, Nat Gas Prices, OCTG, OCTG Consumption, OCTG Consumption & Pricing, OCTG domestic shipments, OCTG Exports, OCTG Imports, OCTG inventories, OCTG Inventory Survey, OCTG Mills, OCTG Pricing, OCTG Processors, OCTG Producers, OCTG Spot Prices, Oil & Gas Industry, Oil & Gas Pricing, Oil Country Tublular Goods, Oil Patch, Oil Services & Equipment, Onshore, Permian Basin, Prime Pipe, Q3, Seamless Pipe, steel industry, Supply Chain, Third Quarter, Tubular Goods, U.S. CAPEX, upstream OCTG, WTI prices | Tagged E&P, OCTG, OCTG Consumption, OCTG Consumption & Pricing, octg distributors, OCTG Imports, OCTG Inspection Yards, OCTG inventories, OCTG Inventory, OCTG Inventory Survey, OCTG mill shipments, OCTG mills, OCTG Pricing, OCTG Processors, OCTG Producers, OCTG Spot Prices, OCTG Supply, Oil & Gas Industry, Oil Country Tubular Goods, The OCTG Situation Report, upstream OCTG | Leave a comment

The New ‘Now’ for OCTG: “To Infinity & Beyond…”

Posted on August 24, 2022 by The OCTG Situation Report®

Say what you will, but the environment in which we find the OCTG market today is unlike any other. The “new normal” is now old news. Very little, in fact, has been “normal” since the pandemic that all but razed … Continue reading →

Posted in Crude Oil Prices, E&P, E&P spending, Energy, ERW Pipe, Fracking, Hot Rolled Coil, HRC, Inventory, OCTG, OCTG Consumption, OCTG Consumption & Pricing, OCTG domestic shipments, OCTG Exports, OCTG Imports, OCTG inventories, OCTG Inventory Survey, OCTG mill, OCTG Mills, OCTG Pricing, OCTG Processors, OCTG Producers, OCTG Spot Prices, OCTG Trade Case, Oil & Gas Industry, Oil & Gas Pricing, Oil Country Tublular Goods, Oil Patch, Oil Services & Equipment, Oilpatch, Onshore, Permian Basin, Prime Pipe, Seamless Pipe, Shale, Shale Plays, steel industry, Steel Tarrifs, Steel Trade Case, Supply Chain, Trade Case, Tubular Goods, upstream OCTG, WTI prices | Tagged E&P, OCTG, OCTG Consumption, OCTG Imports, OCTG mills, OCTG Pricing, OCTG Processors, Oil & Gas Industry, Oil Country Tubular Goods, The OCTG Situation Report | Leave a comment