Pantheon Macroeconomics - The most important number released yesterday was hidden well behind the headline inflation, production and housing construction data. We have been waiting to see how quickly the upturn in the number of rigs in operation would translate into rising oil and gas well-drilling, and now we know: In July, well-drilling jumped by 4.7%

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17 August. 2016 Oil Sector Capex is Rebounding, and Will Add to Q3 GDP Growth

By Ian Shepherdson

The most important number released yesterday was hidden well behind the headline inflation, production and housing construction data. We have been waiting to see how quickly the upturn in the number of rigs in operation would translate into rising oil and gas well-drilling, and now we know: In July, well-drilling jumped by 4.7%

Posted: 17th Aug 2016 in 'U.S. Documents'

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