News

Market Snapshot: Drilling Steady as Global Signals Shift

Liquidity Energy’s May 13 update highlights steady output on one side and shifting trade pressures on the other.

Here’s what’s driving the conversation this week:

  • Oil prices ticked upward following a pause in U.S.-China tariff tensions. While the move has brought short-term stability, longer-term trade concerns remain unresolved.
  • India may respond to ongoing U.S. tariffs by placing duties on select American exports, including energy-related products.
  • U.S. production holds strong at 13.5 million barrels per day. Despite a dip in rig counts, efficiency gains in shale drilling and consistent output from the Gulf of Mexico are keeping volumes steady.
  • Russia plans to maintain oil output near 10.8 million barrels per day. Analysts remain skeptical, citing limited access to international technology and growing investor hesitancy.
  • Inflation data shows a slight decline, with April’s Consumer Price Index at 2.3 percent year over year. Markets appear neutral in response, signaling no major shift in demand outlooks.
  • OPEC+ may increase production modestly in July. However, with concerns about slowing demand later in the year, further hikes may be delayed.
  • Refined fuel markets remain tight, even with lower crude prices. Reduced refining capacity in the U.S. and Europe is driving stable margins and increased reliance on imports.
  • Exports to China remain sluggish, with no U.S. crude shipments scheduled this month.

The worldwide market is changing as businesses place a higher value on uniformity. Cool Edge Bits supports this focus with drill bit technology built to perform under pressure and maintain pace across changing field conditions.

For the full update, read the original post: Daily Energy Market Update – 5.13.2025.

Explore more drilling intel and market takeaways in the latest updates from Cool Edge Bits.

Avatar photo
Vasili Borissov

CEO / Founder / Chairman

WordPress Lightbox