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Published on Saturday, August 22, 2015 | Updated on Sunday, May 13, 2018

U.S. | Oil & Gas Industry Chartbook

In August, the price of crude oil dropped to its lowest level since March 2009 as the oil supply glut continues. Market sentiment is on the downside as indicated by the decline in futures prices. Last month, the total active rig count fell to its lowest level since January 2003; we expect a steady decline in crude oil production by early 2016