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21 Dec
22:23

US OCTG prices face 2019 on unstable ground

US oil country tubular goods (OCTG) prices failed to budge in the week ended 21 December, but market sources say the underlying market will remain shaky into the first quarter. Kallanish puts representative product P110 domestic welded casing at $1,500-1,550/short ton. All prices are ex-works, domestic mill. Demand remains an open question for Q1 as crude prices tumble and capital expenditures in the US’ Permian Basin remain uncertain and dependent upon…
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