Subscribe
Subscribe

Tag: decreased

Official

U.S. natural gas–directed rigs decreased for second consecutive year in 2024

The number of rigs deployed to drill for natural gas in the United States decreased over the last two years. U.S. natural gas–directed rigs decreased 32% (50 rigs) between December 2022 and December 2024. This decline has been concentrated in the natural gas–rich Haynesville and Appalachia regions, where the combined natural gas rig count declined by 34% during 2023 (43 rigs) and by 24% during 2024 (21 rigs). The decline in drilling rigs coincides with record–low natural gas prices for most of 2024 and the wider adoption of advanced drilling and completion technologies.
StormPrep
Official

U.S. natural gas-directed rigs decreased for second consecutive year in 2024

The number of rigs deployed to drill for natural gas in the United States decreased over the last two years. U.S. natural gas-directed rigs decreased 32% (50 rigs) between December 2022 and December 2024. This decline has been concentrated in the natural gas-rich Haynesville and Appalachia regions, where the combined natural gas rig count declined by 34% during 2023 (43 rigs) and by 24% during 2024 (21 rigs). The decline in drilling rigs coincides with record-low natural gas prices for most of 2024 and the wider adoption of advanced drilling and completion technologies.
StormPrep
Official

China’s crude oil imports decreased from a record as refinery activity slowed

Slower oil demand growth in 2024 led to less crude oil processed by China's refineries and fewer crude oil imports compared with the record high set in 2023. China, the world's largest importer of crude oil, received 11.1 million barrels per day (b/d) in 2024, down from 11.3 million b/d in 2023. Even though total imports decreased about 2%, imports from some countries increased while others decreased.
StormPrep
Official

China’s crude oil imports decreased from a record as refinery activity slowed

Slower oil demand growth in 2024 led to less crude oil processed by China’s refineries and fewer crude oil imports compared with the record high set in 2023. China, the world’s largest importer of crude oil, received 11.1 million barrels per day (b/d) in 2024, down from 11.3 million b/d in 2023. Even though total imports decreased about 2%, imports from some countries increased while others decreased.
StormPrep