U-Turn In Price Movements

Posted: August 27, 2021
Category: News Pulse

RP Weekly Recap | August 23 – 27


Last week after crude oil prices saw their biggest week of losses in over nine months with the surging Delta variant, this week saw quite the opposite. In fact, crude oil is currently set for the largest weekly gain since October fueled by the highest demand levels since March 2020. As crude oil prices made an abrupt U-turn this week for the better, natural gas joined in on the action as U.S. natural gas futures for September delivery rose 7.4% to a 32-month high. Check out these stories and more in this week’s recap of all things happening in oil and gas!

COVID-19 Updates

COVID-19 Statistics

  • Number of Cases (Worldwide): 214,962,872 (up from 210,325,625 last week)
  • Number of Cases (USA): 38,406,617 (up from 37,325,643 last week)
  • Statistics courtesy of Johns Hopkins

Financial & Economic Updates

U.S. Oil Market News

Global Market News

Employment Updates

United States Rig Count

  • UP 5 from last week for a total of 508
  • Up 100.0% from one year ago
  • Statistics courtesy of Baker Hughes


Content UpdatesNews PulsePodcast

  • Our latest Periodical investigates the decommissioning process of offshore rigs in the United States and how rig to reef conversion allows us to give old rigs a new purpose while helping our oceans become more productive environments for marine life that thrive on these man-made reefs.

  • RARE PETRO is the tik talk of the town! Short-form content to educate both the public or industry professionals is available NOW! Check out our latest Tik Tok Video diving into how offshore infrastructure can provide better aquatic environments than coral reefs. 

  • Grab a drink and join us for our newest segment, Thirsty Thursday: An Inventory Reportto see if we’ve been poured another tall glass of crude and whether or not the U.S. was thirsty enough to suck down another round. 

  • If you’ve ever read the news you’ve surely seen the controversy surrounding our industrial circulatory system: pipelines. When was the first pipeline built? Are pipelines safe? Is there a better transportation method than pipelines? Find out in episode six of Hydrocarbon History!

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