U.S. RIGS DOWN TO 940
U.S. Rig Count is down 1 rig from last week to 940, with oil rigs down 2 to 756 and gas rigs up 1 to 184.
U.S. Rig Count is up 509 rigs from last year's count of 431, with oil rigs up 415, gas rigs up 95, and miscellaneous rigs down 1 to 0.
The U.S. Offshore Rig Count is down 1 rig from last week to 21 and up 2 rigs year over year.
Canadian Rig Count is up 19 rigs from last week to 189, with oil rigs up 14 to 112 and gas rigs up 5 to 77.
Canadian Rig Count is up 113 rigs from last year's count of 76, with oil rigs up 77, gas rigs up 37, and miscellaneous rigs down 1 to 0.
|United States Total||940||-1||941||509||431|
|Gulf Of Mexico||21||0||21||3||18|
|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|
|October, 16, 12:25:00|
|October, 16, 12:20:00|
|October, 16, 12:15:00|
|October, 16, 12:10:00|
|October, 16, 12:05:00|
|October, 16, 11:55:00|
Saudi Arabia is considering delaying the international portion of the giant initial public offering of its state oil company until at least 2019, according to people familiar with the situation, who said a domestic share sale in Riyadh could still happen next year.
But we expect a rise in the sector's NPL ratio and muted credit demand in the second half of 2017 and 2018, reflecting the slowing economy. GDP growth slowed to 1.4% in 2016 from 3.4% in 2015 and we expect it to be below 1% in 2017 and 2018.
The Organization of Petroleum Exporting Countries and allies including Russia have been cutting oil production this year to bring fuel inventories in industrialized nations back in line with the five-year average.
The Japanese government will offer $10 billion to support firms bidding to build liquefied natural gas (LNG) infrastructure around Asia, the Nikkei business daily said on Monday.