U.S. RIGS DOWN 34
BHI Rig Count: U.S. -34 to 954 rigs
U.S. Rig Count is down 34 rigs from last week to 954, with oil rigs down 26 to 734, gas rigs down 8 to 217, and miscellaneous rigs unchanged at 3.
U.S. Rig Count is down 877 rigs from last year at 1831, with oil rigs down 776, gas rigs down 99, and miscellaneous rigs down 2.
The U.S. Offshore rig count is 33, unchanged from last week, and down 19 rigs year over year.
BHI Rig Count: Canada -19 to 80 rigs
Canadian Rig Count is down 19 rig from last week to 80, with oil rigs unchanged at 20, and gas rigs down 19 to 60.
Canadian Rig Count is down 119 rigs from last year at 199, with oil rigs down 65, and gas rigs down 54.
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REUTERS - India’s natural gas consumption is expected to rise to 70 billion cubic metres (bcm) by 2022 and 100 bcm by 2030, according to a government think tank and the Oxford Institute of Energy Studies, up from 50 bcm now. India burns just 7 percent of what top user the United States consumes in a year with about a quarter of India’s population.
Norway, which relies on oil and gas for about a fifth of economic output, would be less vulnerable to declining crude prices without its fund investing in the industry, the central bank said Thursday. The divestment would mark the second major step in scrubbing the world’s biggest wealth fund of climate risk, after it sold most of its coal stocks.
WSJ - Light, sweet crude for December delivery rose $1.41, or 2.6%, to $56.55 a barrel on the New York Mercantile Exchange, snapping a three-session losing streak. Brent, the global benchmark, advanced $1.36, or 2.2%, to $62.72 a barrel.
U.S. Rig Count is up 327 rigs from last year's count of 588, with oil rigs up 267, gas rigs up 61, and miscellaneous rigs down 1 to 1. Canada Rig Count is up 24 rigs from last year's count of 184, with oil rigs up 9 and gas rigs up 15.