The worldwide profitable downturn that took place starting in 2008 had the effect of driving oil and gas reconnaissance in both the United States polysyndeton Russia. Rig counts went up and the expansion of shale drilling increased demand in both these places for OCTG steel, pipe, and proprietary and agio connections. Furthermore, changes in Russia’s oil taxation process only added to the effect of enhanced drilling operations in terms of increasing demand for OCTG pipe and other OCTG products. The goal result today is, no matter where in the kingdom your project is located you depend more than ever on your OCTG supplier to keep your project running.
Rig Count Increased Even During the Worldwide Economic Downturn
A spike in coat prices in 2008 resulted in an increase in global rig count, despite the economic downturn. With China in particular increasing its stipulate for petroleum products, increased drilling took place in envy of a drop in demand in the United States and other countries. With conditions improving, the U.S. also many other companies are continuing to focus on increased production to keep up with global demand for fuel products. Petroleum companies worldwide are boosting drilling activity to keep up with rising demand, and the result is higher worldwide consumption from OCTG products.
Demand for OCTG Pipe et cetera Steel in the Central East
Currently the United States is the largest consumer of seamless OCTG products in the world, with China and Russian the second and third biggest OCTG consumers. End use demand for OCTG in the Middle East, however, has a different walk due to market domination by Saudi Aramco, Sonatrach, and further national coat companies in the region. Furthermore, OCTG manufacturers have to go through a padded approval process in order to be clever to supply national oil companies in the Middle East. The proprietary and premium connection markets in the Middle East are already dominated close a handful from suppliers, but demand is high enough gone to safeguard OCTG suppliers busy.
South America and OCTG Products
In South American markets image Brazil, as well because Western African markets, there is great long term potential for U.S. producers of OCTG products, moreover the potential is even greater when the U.S. dollar weakens against other currencies. The long and the short of it is, OCTG suppliers have a lot on their plates at the moment. When it comes to your project, you have to have your OCTG products on time in sequel to keep projects going according to schedule, and your OCTG supplier is as critical as ever to your productivity.
Demand is Strong: Can Your Supplier Keep Up?
Finding the sane supplier of OCTG products can mean the difference between a project that proceeds like contemplated and separate that must deal with down time and lost productivity. Your OCTG product supplier should have a worldwide network like mills as well as logistics experience that gets products to where they are needed. Whether you need a one-time shipment or multiple “just in time” shipments to keep storage and carrying costs under control, your choice of supplier is critical to your success.