As the US oil sector recovers from several challenging years, attention has been turning to US oil rig counts as a barometer of the health and productive capacity of the US oil industry. Even before the pandemic, the US oil rig count had been in decline from its October 2014 high of 1609 units to 667 by March 2020 and a current count of 556.
The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.
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