Category Archives: U.S. HRC Spot Price

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 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

Weighing in on 4Q23 OCTG Inventories

Posted on January 31, 2024 by The OCTG Situation Report®

Gauging the fitness of the industry by measuring demand for OCTG throughout the supply chain across the lower 48 is the goal every quarter and what sets The OCTG Situation Report apart from all others. Thus, we commence our 38th … Continue reading →

Posted in 4Q23 OCTG Inventory, CAPEX, E&P, E&P spending, Energy, ERW Pipe, Hot Rolled Coil, Hot Rolled Coil Prices, HRC, IHS, Inventory, O&G Mergers, OCTG, 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 Country Tublular Goods, Oil Patch, Oil Services & Equipment, Onshore, Permian Basin, Prime Pipe, Q23 OCTG Inventory, Q4, Seamless Pipe, steel industry, Tubular Goods, U.S. HRC Spot Price, upstream OCTG | Tagged 4Q23 OCTG Inventory, E&P, ERW OCTG, 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 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 Calm Before the Storm or Smooth Sailing Ahead?

Posted on May 24, 2023 by The OCTG Situation Report®

This month we thought it would be an interesting exercise to look back on the agony and ecstasy of the past three years in the oil patch—a period where events in the oil patch churned so fast and furious, they … Continue reading →

Posted in Hot Rolled Coil, Hot Rolled Coil Prices, HRC, OCTG, OCTG Consumption, OCTG Exports, OCTG Imports, OCTG inventories, OCTG Mills, OCTG Pricing, OCTG Processors, OCTG Producers, U.S. HRC Spot Price, upstream OCTG | Tagged ERW OCTG, OCTG, OCTG Consumption, octg distributors, OCTG Imports, OCTG mills, OCTG Pricing, OCTG Processors, Oil & Gas Industry, Oil Country Tubular Goods, The OCTG Situation Report | Leave a comment

Absorbing OCTG’s ‘InTAXicating’ Increase in 1Q23

Posted on April 26, 2023 by The OCTG Situation Report®

It’s that taxing time of year when subscribers count on us to roll up our sleeves and crunch the numbers in order to provide an accurate accounting of OCTG inventories on the ground. Our analysis, derived from our exclusive quarterly … Continue reading →

Posted in 1Q23 OCTG Inventory, CAPEX, Crude Oil Prices, E&P, E&P spending, ERW Pipe, Hot Rolled Coil, HRC, Inventory, Nat Gas Prices, OCTG, OCTG Consumption & Pricing, 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, Q1, Seamless Pipe, Shale Plays, steel industry, Tubular Goods, U.S. CAPEX, U.S. HRC Spot Price, upstream OCTG, WTI prices | Tagged 1Q23 OCTG Inventory, Borusan Mannesmann Pip US, E&P, OCTG, OCTG Capacity, 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

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

Spinning The OCTG Wheel of Fortune

Posted on September 28, 2022 by The OCTG Situation Report®

If it seems as though we’ve spent the bulk of this year reporting on setbacks and challenges that have vexed the OCTG market that’s because we have, and September is no exception. We simply can’t dismiss what the impact this … Continue reading →

Posted in CAPEX, Crude Oil Prices, Department of Commerce, E&P spending, Energy, Hot Rolled Coil, HRC, OCTG, OCTG CAPEX, OCTG Consumption, OCTG Consumption & Pricing, OCTG Exports, OCTG Imports, 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 Prices, Onshore, Prime Pipe, Seamless Pipe, steel industry, Steel Trade Case, Supply Chain, U.S. HRC Spot Price, upstream OCTG, WTI prices | Tagged American Trucking Association, E&P, E&P Capex Budgets, ITC, Logistics, National Bourbon Heritage, OCTG, OCTG Consumption, OCTG Imports, OCTG mills, OCTG Pricing, OCTG Processors, Oil & Gas Industry, Oil Country Tubular Goods, Railroad Strike, Russian War, The OCTG Situation Report, Typhoon | Leave a comment

OCTG 2H22: Call of the Wild

Posted on June 29, 2022 by The OCTG Situation Report®

Every June we confer with colleagues from all walks of the OCTG supply chain to examine their outlook for the balance of the year. This time around the annual exercise was tantamount to “a walk on the wild side,” with … Continue reading →

Posted in 2H22, DUCs, E&P, E&P spending, ERW Pipe, HRC, Inventory, 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, OCTG Trade Case, Oil & Gas Industry, Oil Country Tublular Goods, Oil Patch, Oil Prices, Oil Services & Equipment, Onshore, Prime Pipe, Q2, Seamless Pipe, Section 232, steel industry, Steel Tarrifs, Steel Trade Case, Supply Chain, Tubular Goods, U.S. CAPEX, U.S. HRC Spot Price, upstream OCTG, WTI prices | Tagged E&P, OCTG, OCTG Consumption, OCTG Consumption & Pricing, OCTG Imports, OCTG Inspection Yards, OCTG Inventory, OCTG Inventory Survey, OCTG mill shipments, OCTG mills, OCTG Pricing, OCTG Processors, OCTG Producers, OCTG Spot Prices, OCTG Supply, OCTG Supply Forecast, OCTG Trade Case, Oil & Gas Industry, Oil Country Tubular Goods, The OCTG Situation Report | Leave a comment

OCTG 2022: ‘Supply’ is the New Demand

Posted on March 23, 2022 by The OCTG Situation Report®

Attention drill seekers! The stampede to Houston is underway this month as Houston took center stage for the concurrent 40th IHS CERAWeek conference and the world’s largest Livestock Show and Rodeo, “RodeoHouston.” The theme of the preeminent energy confab was, … Continue reading →

Posted in CAPEX, CERAWeek, ERW Pipe, Fracking, Horizontal Drilling, Hot Rolled Coil, HRC, IHS, Inventory, Nat Gas Prices, OCTG, OCTG CAPEX, OCTG Consumption, OCTG Consumption & Pricing, OCTG domestic shipments, OCTG Exports, OCTG Imports, OCTG inventories, 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 Prices, Onshore, Permian Basin, Prime Pipe, Seamless Pipe, Shale Plays, steel industry, Steel Tarrifs, Steel Trade Case, Supply Chain, U.S. CAPEX, U.S. HRC Spot Price, 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 mill shipments, OCTG mills, OCTG Pricing, OCTG Processors, OCTG Producers, OCTG Spot Prices, OCTG Supply, OCTG Supply Forecast, OCTG Trade Case, Oil & Gas Industry, RodeoHouston, The OCTG Situation Report, upstream OCTG, US OCTG Production, US OCTG Supply Forecast 2022 | Leave a comment