OCTGIndex
    Market Indicators
    BILLET$530+1.83%
    BRENT$114+1.81%
    CRC$875+2.96%
    HRC$701-2.69%
    IRON$102-2.62%
    SCRAP$379-0.36%
    WTI$99.89+1.49%
    1199.HKHKD 5.09-2.18%
    1919.HKHKD 11.22-2.44%
    2002.TWNT$25.80+1.37%
    5401.T¥3262+1.94%
    5411.T¥2096-0.20%
    8053.T¥3720-2.10%
    BHP$56.20+0.57%
    BKR$64.12-0.76%
    BSL.AXAUD 22.58+0.36%
    BVI.PA€29.75+2.59%
    CLF$12.29-3.61%
    CMC$71.25+0.55%
    DO$13.71-2.08%
    FTI$28.08+0.29%
    GGB$4.28+1.90%
    HAL$32.95+2.98%
    HLAG.DE€145+0.33%
    HP$33.17-2.45%
    ITRK.L£43.18+2.81%
    JINDALSTEL.NS₹975+2.66%
    MAERSK-B.CODKK 11617+1.02%
    MT$25.31-2.64%
    NBR$73.61+2.23%
    NE$37.96-0.11%
    NOV$20.37-0.97%
    NUE$227-0.99%
    PDS$58.59+1.02%
    PKX$68.02+0.03%
    PTEN$9.29-2.25%
    RIG$4.55+1.12%
    RIO$62.45+1.26%
    SABICSAR 80.83-1.42%
    SDRL$41.45-1.31%
    SGSN.SWCHF 91.28+2.56%
    SLB$48.67+1.39%
    SPM.MI€2.26+2.82%
    STLD$165-1.72%
    TATASTEEL.NS₹143-1.59%
    TRMK.MERUB 86.25+1.48%
    TS$32.94+2.93%
    VAL$53.10+2.12%
    VALE$11.82+1.29%
    VK.PA€16.83+1.99%
    VOE.VI€22.40-2.40%
    WFRD$96.58+1.66%
    X$54.84+0.02%
    BILLET$530+1.83%
    BRENT$114+1.81%
    CRC$875+2.96%
    HRC$701-2.69%
    IRON$102-2.62%
    SCRAP$379-0.36%
    WTI$99.89+1.49%
    1199.HKHKD 5.09-2.18%
    1919.HKHKD 11.22-2.44%
    2002.TWNT$25.80+1.37%
    5401.T¥3262+1.94%
    5411.T¥2096-0.20%
    8053.T¥3720-2.10%
    BHP$56.20+0.57%
    BKR$64.12-0.76%
    BSL.AXAUD 22.58+0.36%
    BVI.PA€29.75+2.59%
    CLF$12.29-3.61%
    CMC$71.25+0.55%
    DO$13.71-2.08%
    FTI$28.08+0.29%
    GGB$4.28+1.90%
    HAL$32.95+2.98%
    HLAG.DE€145+0.33%
    HP$33.17-2.45%
    ITRK.L£43.18+2.81%
    JINDALSTEL.NS₹975+2.66%
    MAERSK-B.CODKK 11617+1.02%
    MT$25.31-2.64%
    NBR$73.61+2.23%
    NE$37.96-0.11%
    NOV$20.37-0.97%
    NUE$227-0.99%
    PDS$58.59+1.02%
    PKX$68.02+0.03%
    PTEN$9.29-2.25%
    RIG$4.55+1.12%
    RIO$62.45+1.26%
    SABICSAR 80.83-1.42%
    SDRL$41.45-1.31%
    SGSN.SWCHF 91.28+2.56%
    SLB$48.67+1.39%
    SPM.MI€2.26+2.82%
    STLD$165-1.72%
    TATASTEEL.NS₹143-1.59%
    TRMK.MERUB 86.25+1.48%
    TS$32.94+2.93%
    VAL$53.10+2.12%
    VALE$11.82+1.29%
    VK.PA€16.83+1.99%
    VOE.VI€22.40-2.40%
    WFRD$96.58+1.66%
    X$54.84+0.02%
    Russia's Oil Revenues Surge Amid Middle East Turmoil
    Featured Story

    Russia's Oil Revenues Surge Amid Middle East Turmoil

    Russia's oil and gas revenue is projected to rise 39% in May, fueled by geopolitical conflicts. What does this mean for global energy markets?

    OCTG Index is a global energy industry news platform covering OCTG markets, supply chains, pricing intelligence, and major energy events worldwide.

    This Week in OCTG

    Latest Coverage
    US Rig Count
    750
    -5wow
    Baker Hughes · Oct 6
    Cost Pressure
    Neutral

    Rig count data unavailable. Mixed news coverage suggests no immediate shift in supply/demand dynamics.

    Editorial Indicator
    Editorial Read

    With rig count data currently unavailable, the market's operational pulse remains indeterminate. News coverage highlights pricing, projects, and onshore activity, indicating diverse areas of industry focus.

    — OCTG Index Newsroom

    Updated weekly. Directional editorial indicators — not transactional pricing.

    Breaking News

    Tenaris Q1 2026: U.S. OCTG Prices Surge Amid Tariff Shifts
    Africa
    May 17

    Tenaris Q1 2026: U.S. OCTG Prices Surge Amid Tariff Shifts

    Tenaris reveals U.S. OCTG prices are rising as tariffs disrupt import flows. What does this mean for North America's drillers and pipe buyers?

    Crude Inventory Draw Shocks Market: Are Prices Set to Surge?
    Americas
    May 6

    Crude Inventory Draw Shocks Market: Are Prices Set to Surge?

    A staggering 8.1 million barrel drop in crude oil inventories signals tightening supply. Will this drive prices higher ahead of the summer season?

    UAE's OPEC Exit Signals a Shift in Global Energy Dynamics
    Middle East
    May 5

    UAE's OPEC Exit Signals a Shift in Global Energy Dynamics

    UAE's withdrawal from OPEC is a seismic shift. With oil prices soaring, what does this mean for OCTG procurement and the future of global energy?

    Industry Focus

    01

    Nippon Steel Secures $8B Financing to Transform U.S. Tubu...

    Nippon Steel secures $8 billion financing to acquire U.S. Steel, transforming the OCTG market with enhanced manufacturing capabilities. Discover the impact now!

    6 min readMar 23, 2026
    02

    Strait of Hormuz Crisis Disrupts OCTG Supply Chain Logistics

    The US-Iran conflict has closed the Strait of Hormuz, disrupting OCTG logistics and raising costs. Discover how the industry is adapting to these challenges.

    6 min readMar 23, 2026
    03

    Middle East OCTG Demand Plummets Amid War Turmoil

    Oilfield activity in the Gulf has stalled due to war, impacting OCTG demand. Discover how this disruption could affect prices and supply in the industry.

    5 min readMar 23, 2026
    04

    OCTG Prices Drop as Tariffs, War Disrupt Supply Chains

    OCTG prices hold steady amid rising tariffs, but international conflicts could soon impact U.S. operators. Stay informed on potential market shifts.

    5 min readMar 23, 2026

    Upcoming Events

    Industry conferences in the next 60 days

    Jun 8, 2026

    Permian Power Conference

    The Permian Power Conference, a premier event in the energy sector, will take place from September 28 to 29, 2026, at the Horseshoe Arena in Midland, Texas, a key hub for oil and gas production. This significant conference is expected to attract over 1,500 attendees, including representatives from national oil companies (NOCs), international oil companies (IOCs), OCTG manufacturers, and various service companies, creating a robust networking environment. Attendees can anticipate engaging keynote presentations, in-depth panel discussions, and interactive workshops focused on the latest technological advancements, regulatory challenges, and market trends affecting the Permian Basin. With the ongoing growth and investment in this region, the conference will serve as a vital platform for industry stakeholders to explore new opportunities, share insights, and discuss strategies to enhance operational efficiency and sustainability within the oil and gas sector.

    Midland, Texas, USA

    Jun

    8

    Permian Power Conference

    Jun 8–9, 2026
    Midland, Texas, USA
    600+ attendees

    Jun

    9

    Featured

    Global Energy Show Calgary

    Jun 9–11, 2026
    Calgary, Alberta, Canada
    20,000+ attendees

    Jun

    9

    Global Energy Storage Summit

    Jun 9–11, 2026
    Stuttgart, Germany

    Jun

    9

    Canada LNG Export Conference

    Jun 9–11, 2026
    Calgary, Alberta, Canada
    2,000+ attendees

    Jun

    9

    Asia Pacific Energy Assembly

    Jun 9–10, 2026
    Singapore
    1,500+ attendees

    Jun

    9

    SPE LACPEC

    Jun 9–11, 2026
    Rio de Janeiro, Brazil
    3,000+ attendees

    By Topic

    Analysis & Reports

    View All

    Quick Reads

    Middle East
    Mar 16

    Impact of Strait of Hormuz Blockade on OCTG Supply Chain

    The blockade of the Strait of Hormuz is causing oil prices to surge. Explore the implications for OCTG procurement and drilling budgets in Q2 2026.

    Americas
    Jan 1

    AI's Transformative Role in Energy Sector Careers

    AI is reshaping careers in the energy sector, enhancing productivity and opening new opportunities. Explore how these changes impact the workforce.

    Australia
    Dec 23

    Prosafe Boosts Offshore Accommodation

    Prosafe's Safe Boreas is set to enhance offshore accommodation in Australia's oil and gas sector, reflecting rising demand and technological advancements.

    Asia-Pacific
    Dec 23

    OMS Indonesia Achieves API Spec 11D1 Certification for OCTG

    OMS Indonesia has secured API Spec 11D1 certification, enhancing its OCTG capabilities and positioning itself for growth in Asia-Pacific markets.

    Stay Informed

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