Skip to main content

The relationship between oil prices, rigs and output

Theoretically, there should be a relationship between the price of oil, the number of oil rigs actively drilling and oil production. However, the relationship appears to have broken down in the past. In this Energy Watch, we investigate the possible reasons why this has happened and what it means for oil output and prices going forward.

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to gain:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services


Get access