U.S. RIGS UP 18
BAKER HUGHES wrote,
U.S. Rig Count is up 18 rigs from last week to 712, with oil rigs up 15 to 566, gas rigs up 3 to 145, and miscellaneous rigs unchanged at 1.
U.S. Rig Count is up 93 rigs from last year's count of 619, with oil rigs up 68, gas rigs up 24, and miscellaneous rigs up 1.
The U.S. Offshore Rig Count is down 3 rigs from last week to 21 and down 7 rigs year over year.
Canadian Rig Count is up 3 rigs from last week to 345, with oil rigs up 7 to 200 and gas rigs down 4 to 145.
Canadian Rig Count is up 114 rigs from last year's count of 231, with oil rigs up 74 and gas rigs up 40.
|United States Total||712||18||694||93||619|
|Gulf Of Mexico||20||-3||23||-8||28|
|U.S. Breakout Information||This Week||+/-||Last Week||+/-||Year Ago|
|Canada Breakout Information||This Week||+/-||Last Week||+/-||Year Ago|
|Major State Variances||This Week||+/-||Last Week||+/-||Year Ago|
|Major Basin Variances||This Week||+/-||Last Week||+/-||Year Ago|
|November, 17, 19:55:00|
|November, 17, 19:50:00|
|November, 17, 19:45:00|
|November, 17, 19:40:00|
|November, 17, 19:35:00|
|November, 17, 19:30:00|
REUTERS - Brent crude futures LCOc1 were down 72 cents at $61.49 per barrel at 1020 GMT, having fallen by 1.5 percent on Tuesday, its largest one-day drop in a month. U.S. West Texas Intermediate (WTI) crude CLc1 was at $55.12 per barrel, down 58 cents.
BLOOMBERG - Prices dropped during the session as the International Energy Agency said the recent recovery in oil prices, coupled with milder-than-normal winter weather, is slowing demand growth. The worsening outlook for consumption dampened some of the enthusiasm that OPEC and its allies will extend supply curbs.
Global energy needs rise more slowly than in the past but still expand by 30% between today and 2040. This is the equivalent of adding another China and India to today’s global demand.
Product exports have grown significantly over the past several years and are expected to continue to grow as Russian refineries add capacity to produce more high-quality products.