U.S. RIGS UP 9 TO 907
BAKER HUGHES A GE - U.S. Rig Count is up 9 rigs from last week to 907, with oil rigs up 9 to 738, gas rigs unchanged at 169, and miscellaneous rigs unchanged.
U.S. Rig Count is up 339 rigs from last year's count of 568, with oil rigs up 286, gas rigs up 54, and miscellaneous rigs down 1 to 1.
The U.S. Offshore Rig Count is unchanged from last week at 18 and down 3 rigs year-over-year.
Canada Rig Count is up 11 rigs from last week to 203, with oil rigs up 8 to 108 and gas rigs up 4 to 95, and miscellaneous rigs down 1 to 0.
Canada Rig Count is up 27 rigs from last year's count of 176, with oil rigs up 19 and gas rigs up 8.
|United States Total||907||9||898||339||568|
|Gulf Of Mexico||18||0||18||-3||21|
|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.