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29 Feb

Prices of P110 5.5-inch hold on-week

Prices of oil country tubular goods’ representative product, P110 5.5-inch casing, remain within the range of $1,950-2,090/short ton again this week, reports Kallanish. This is the second week spot prices transacted within this range. Values ranged from $2,000-2,090/st in the four preceding weeks. An OCTG importer located on the Gulf Coast explains the lack of demand. “The market is massively overstocked in tubing. While drilled uncompleted wells (DUC…
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