Jessica Assunto | 6 months ago
Industry News

World Oil Reports Oil Surges with U.S. Demand Bump Driving Global Rebound Optimism

A World Oil article this week quoted Bjornar Tonhaugen, head of oil markets at Rystad Energy, as saying "The market expects a major revitalization for global oil demand from this summer onwards. As vaccination campaigns progress and as lockdowns are set to soon be lifted in Europe and other recovering economies, the need for road and jet fuels will increase and the result will be felt."
The article also references some other optimistic U.S. benchmarks pointing towards a market rebound:
  • Futures jumped 1.5% Wednesday, posting the largest back-to-back daily gains in two weeks
  • Total petroleum stockpiles dropped last week
  • Biggest weekly decrease in distillate inventories since March
  • US freight demand driving a trucking boom
  • California's gas price rose to $4 a gallon for the first time in a year and a half
  • US domestic crude inventories rose by 90,000 barrels last week
  • Gasoline inventories grew for a fourth straigh week
The industry feels it. The world feels it. Things are returning to normal. And in a normal world, energy consumption is a basic component of our day-to-day lives. As oil rebounds and operations pick up we often see supply delays, challenges, and cancellations. PipeSearch has access to global octg inventory options to help get operations online. If you are in need of tubulars please check with us.

3.5" 12.7# 25CRS-125 Vam Top R3

Super 25CR is primarily used as tubing in corrosive well conditions such as sections permanently exposed to production or in... Read More

Quantity: 7650.180 FT

Condition: Unused

Mill Year: 2009

Manufacturer: SMST

Location: Houston, TX, USA

3.5" 12.7# 13CRS-95 Vam Top w/ bevel R3

This is long length material that can be used for screens. Material has been well maintained and is ready to ship quickly.

Quantity: 5644.390 FT

Condition: Unused

Mill Year: 2007

Manufacturer: Sumitomo

Location: Houston, TX, USA

7" 32# 25CRW-125 Vam Top HC R2

This material is well suited for an offshore water injection project. Pitting Resistance Equivalent Number: PREN > 40. PREN... Read More

Quantity: 36750.000 FT

Condition: Unused

Mill Year: 2012

Manufacturer: Sumitomo

7" 29# 25CRS-80 Vam 21 R3

This material is perfectly suited for an offshore water injector. PREN > 40. PREN stands for Pitting Resistance Equivalent ... Read More

Quantity: 9600.000 FT

Condition: Unused

Mill Year: 2015

Manufacturer: SMST

Location: Coevorden, Netherlands

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