Welcome to our annual OCTGPS for 2025. This month we pulled out all the stops in order to organize an exclusive road map to assist our subscribers in navigating the year ahead in OCTG. It will come as no surprise to oil patch stakeholders that there’s a lot riding on 2025. Buckle up!
The quote, “the only certainty is that nothing is certain,” seems apropos as we march into the new year. This is to say, at present, we really don’t know anything for certain yet. What we do know for sure is that it’s pedal to the metal in a mad dash to get orders for 2025 on the books and into the system as mills (mostly seamless) fill up fast, with welded producers in tow behind them.
If you’ve been reading The OCTG Situation Report® you were in the driver’s seat. We’ve been beating this drum from our June 2024 Report forward based on the many signals suggesting the possibility for this.
This month we considered all things OCTG for 2025: Commodity forecasts, CapEX budgets, OPEC+, Rig Counts, OCTG Production: domestic & imported, Consumption and Consumption/Rig values, Rig Efficiencies, and, of course, OCTG Pricing with our quarterly read on 2025 OCTG spot prices. Will we see '$pot' accelerate or see '$pot' run out of energy?
We close our annual OCTGPS for 2025 where the rubber meets the road. This quote from Baseball Hall of Famer, Yogi Berra, might sum it up best and prove to be a panacea for the times: “If you come to a fork in the road, take it.” Honk if you’re ready!
NOTE: Our monthly blog posts offer a slice of the content we publish in The OCTG Situation Report® every month. To subscribe and/or request a complimentary copy of our Report for review please visit: https://www.octgsituationreport.com/subscribe.
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