U.S. RIGS DOWN 8 TO 928
BAKER HUGHES A GE - U.S. Rig Count is down 8 rigs from last week to 928, with oil rigs down 5 to 743, gas rigs down 2 to 185, and miscellaneous rigs down 1 to 0.
U.S. Rig Count is up 389 rigs from last year's count of 539, with oil rigs up 311, gas rigs up 80, and miscellaneous rigs down 2 to 2.
The U.S. Offshore Rig Count is down 2 rigs from last week at 20 and down 3 rigs year-over-year.
Canada Rig Count is up 3 rigs from last week to 212, with oil rigs unchaged at 112 and gas rigs up 3 to 100.
Canada Rig Count is up 47 rigs from last year's count of 165, with oil rigs up 22 and gas rigs up 25.
|United States Total||928||-8||936||389||539|
|Gulf Of Mexico||20||-2||22||-2||22|
|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|
|May, 21, 11:10:00|
|May, 21, 11:05:00|
|May, 21, 11:00:00|
|May, 21, 10:55:00|
|May, 21, 10:50:00|
|May, 21, 10:45:00|
API - American Petroleum Institute reported that the first four months of this year saw U.S. petroleum demand average 750 thousand barrels a day above the same period in 2017 despite higher prices, a sign of solid economic activity. April also saw the U.S. produce a record 10.5 million barrels per day (MBD) of oil.
IMF - “Egypt’s growth has continued to accelerate during 2017/18, rising to 5.2 percent in the first half of the year from 4.2 percent in 2016/17. The current account deficit has also declined sharply, reflecting the recovery in tourism and strong growth in remittances, while improved investor confidence has continued to support portfolio inflows. In addition, gross international reserves rose to $44 billion by end-April, equal to 7 months of imports.
BAKER HUGHES A GE - U.S. Rig Count is up 1 rig from last week to 1,046, with oil rigs unchanged at 844, gas rigs up 1 to 200, and miscellaneous rigs unchanged at 2. Canada Rig Count is up 4 rigs from last week to 83, with oil rigs up 6 to 38 and gas rigs down 2 to 45.
REUTERS - Brent crude futures LCOc1 were at $79.57 per barrel at 0310 GMT, up 27 cents, or 0.3 percent from their last close. Brent broke through $80 for the first time since November 2014 on Thursday. U.S. West Texas Intermediate (WTI) crude futures were at $71.62 a barrel, up 13 cents, or 0.2 percent, from their last settlement.