Tag Archives: Oil & Gas Industry

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 , , , , , , , , , , , , , | 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 , , , , , , , , , , , , , , | 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 , , , , , , , , , , , , , | Leave a comment

2024 OCTG Outlook: Cooking with Gas or a Turkey? 

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

After four rather tumultuous years can it be that the oil patch is preparing for a collective exhalation in 2024? When analyzing every leading indicator currently available our overarching theme is, “everything in moderation,” which is to say we’re not … Continue reading →

Posted in E&P, E&P spending, Energy, ERW Pipe, Fracking, O&G Mergers, OCTG, OCTG Forecast 2024, OCTG Pricing, OCTG Processors, OCTG Producers, OCTG Rig Count 2024, OCTG Spot Prices, Oil & Gas Industry, Oil & Gas Pricing, Oil Country Tublular Goods, Oil Patch, Oil Services & Equipment, Onshore, Prime Pipe, Seamless Pipe, Shale Plays, steel industry, Tubular Goods, upstream OCTG, WTI prices | Tagged , , , , , , , , , , , , , , , | 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 , , , , , , , , , | 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 , , , , , , , , , , , , , , , | Leave a comment

August OCTG Rumors, Prices & E&P CAPEX, Oh My!

Posted on August 30, 2023 by The OCTG Situation Report®

Well folks, if you’re reading this today you’ve survived another eight months in the oil patch with only four months left in 2023. The month of August tends to be rather quiet historically, but August 2023 has rocked the rumor … Continue reading →

Posted in CAPEX, Cleveland Cliffs, OCTG, U.S. Steel | Tagged , , , , , , , , , , , , , , , | 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 , , , , , , , , , , , , , | 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 , , , , , , , , , , | 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 , , , , , , , , , , , , , , | Leave a comment