THE OCTG SITUATION ROOM

Will ‘Chill, Baby, Chill’ be the Mantra for OCTG in 2019?

As we make our way through the dog days of August one begins to wonder if the “drill, baby, drill” mantra from 2008 will evolve into “chill, baby, chill” for 2019? OFS brass are forecasting drilling activity for the balance of the year will be ‘chillin,’ while softening OCTG prices are sending a chill down the spines of suppliers. Just looking at the many down arrows on our cover this month would lead many to believe that summer has given way to fall. So, is it all downhill from here? Let’s discuss. There’s certainly a lot to unpack when it comes to predicting how 2019 will ultimately play out. But with four months left in the year and news of a yield curve inversion warning of a potential r

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