Analysis

Analysis
March, 27, 18:30:00

U.S. RIGS UP 20

U.S. Rig Count is up 345 rigs from last year's count of 464, with oil rigs up 280, gas rigs up 63, and miscellaneous rigs up 2. Canadian Rig Count is up 130 rigs from last year's count of 55, with oil rigs up 59 and gas rigs up 70, and miscellaneous rigs up 1.

Analysis
March, 24, 19:15:00

EU GAS DEMAND UP

Total petroleum deliveries moved up by 1.2 percent from the prior year to nearly 19.3 million barrels per day in January 2017. These were the highest January deliveries in nine years, since 2008.

Analysis
March, 24, 19:10:00

SAUDI'S OIL BALANCE

Saudi Arabia faces a difficult balancing act as it tries to work down excess global crude stocks while protecting relationships with important refining customers in the United States and Asia.

Analysis
March, 22, 19:00:00

PRICES COULD BE LOWER

The crude oil contract for April delivery on the New York Mercantile Exchange dropped 56¢ on Mar. 20 to $48.22/bbl. The May contract fell by 40¢ to $48.91/bbl. The Brent crude contract for May on London’s ICE decreased 14¢ to $51.62/bbl. The June contract dropped 16¢ to $51.79/bbl. The gas oil contract settled at 458.50/tonne on Mar. 20, up $1.75. The average price for OPEC’s basket of benchmark crudes on Mar. 20 was $49.18/bbl, down 18¢.

Analysis
March, 21, 18:55:00

DEMAND OVERTAKES SUPPLY

If the Organization of Petroleum Exporting Countries maintains its output cuts and nothing changes elsewhere, demand should overtake supply in this year’s first half, generating an implied market deficit of 500,000 b/d.

Analysis
March, 21, 18:40:00

NORWAY'S OIL PRODUCTION DOWN 25,000

Preliminary production figures for February 2017 show an average daily production of 2 010 000 barrels of oil, NGL and condensate, which is a decrease of 25 000 barrels per day (approx. 1 percent) compared to January.

Analysis
March, 21, 18:30:00

U.S. RIGS UP 21

U.S. Rig Count is up 313 rigs from last year's count of 476, with oil rigs up 244, gas rigs up 68, and miscellaneous rigs up 1. Canadian Rig Count is up 207 rigs from last year's count of 69, with oil rigs up 137, gas rigs up 68, and miscellaneous rigs up 2.

Analysis
March, 16, 19:00:00

GLOBAL OIL RISKS

Global oil supply could struggle to keep pace with demand after 2020, risking a sharp increase in prices, unless new projects are approved soon, according to the latest five-year oil market forecast.

Analysis
March, 16, 18:40:00

STRENGTHENING IMF

The concentration of imbalances among a few large countries presents a risk to the global economy. It increases vulnerabilities—and even raises the risk of market disruptions.

Analysis
March, 16, 18:35:00

UK OIL & GAS BREXIT

In terms of regulation and policy for the upstream oil and gas industry, much of the EU legislation and directives were either based on established UK customs and practices or are already enshrined in UK law. Although it will take some considerable time to untangle the complex regulatory and policy frameworks, the impact for the oil and gas industry is likely to be modest. In terms of the UK oil and gas tax system, little is expected to change as a result of Brexit as the EU has no remit over the UK’s fiscal regime for the industry.

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OIL (928)
GAS (715)
RUSSIA (454)
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ROSNEFT (165)
U.S. (163)
CHINA (155)
PRICES (116)
LNG (106)
OPEC (103)
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