U.S. RIGS UP 35
BAKER HUGHES wrote,
U.S. Rig Count is up 35 rigs from last week to 694, with oil rigs up 29 to 551, gas rigs up 6 to 142, and miscellaneous rigs unchanged at 1.
U.S. Rig Count is up 57 rigs from last year's count of 637, with oil rigs up 41, gas rigs up 15, and miscellaneous rigs up 1.
The U.S. Offshore Rig Count is down 1 rig from last week to 24 and down 5 rigs year over year.
Canadian Rig Count is up 27 rigs from last week to 342, with oil rigs up 23 to 193, gas rigs up 5 to 149, and miscellaneous rigs down 1 to 0.
Canadian Rig Count is up 92 rigs from last year's count of 250, with oil rigs up 59, gas rigs up 33, and miscellaneous rigs unchanged.
|United States Total||694||35||659||57||637|
|Gulf Of Mexico||23||-1||24||-6||29|
|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.