U.S. Rig Count is down 336 rigs from last year's count of 842, with oil rigs down 228, gas rigs down 109, and miscellaneous rigs up 1. Canadian Rig Count is down 50 rigs from last year's count of 182, with oil rigs up 5, gas rigs down 56, and miscellaneous rigs up 1.
“We see 2017-2020 as still having the potential for much higher prices. After 2020, there is a high risk that electric vehicle penetration will change the oil market forever.”
On the New York Mercantile Exchange, light, sweet crude futures traded at $43.65 a barrel at 0301 GMT, down 26 cents in the Globex electronic session. Brent crude on London's ICE Futures exchange fell 25 cents to $46.34 a barrel.
Executive Directors welcomed the steps the authorities have taken to adjust to the decline in oil prices and weaker growth in trading partners. However, they noted that the difficult external environment could hamper macroeconomic outcomes in the near term. While Azerbaijan’s policy buffers remain substantial, the balance of payments, fiscal position, and banking system would likely remain under pressure as the economy continues to adjust. Accordingly, Directors stressed the need to press ahead with reforms to secure macroeconomic and financial stability and promote a diversified and private sector-led economy.
On the New York Mercantile Exchange, light, sweet crude futures for delivery in October traded at $43.72 a barrel at 0145 GMT, up $0.14 in the Globex electronic session. November Brent crude on London's ICE Futures exchange rose $0.27 to $46.12 a barrel.
The collapse of oil prices has forced Canadian and global producers to slash costs and curtail investment over the past two years. Even after a rebound from a 12-year low earlier this year, oil futures in New York are still about 60 percent down from their 2014 peak. Prices have been mostly stuck in the $40-$50 range for the past four months.
Global oil demand growth is slowing at a faster pace than initially predicted.
Growth has also been unequal: in major advanced economies, incomes for the top 10 percent increased by 40 percent in the past two decades, while growing only modestly at the bottom.
"Мы при подготовке бюджета используем цену $40 за баррель, потому что мы понимаем, что бюджет, построенный из $40 за баррель, адаптировать к стресс-сценарию $30 за баррель возможно. Если брать более высокие цены, вся экономическая ситуация окажется уязвимой перед возможными шоками, приходящими с внешних рынков"
Среднегодовая цена на нефть увеличена с $30 до $35 за баррель. Среднегодовой курс доллара США сохранен на уровне 360 тенге/$1