2017

Ukraine's transit of Russian oil for exports to Europe in March rose 42% year on year to 1.25 million mt, state oil shipper UkrTransNafta said

API announced today that estimated total wells drilled and completed in the first quarter of 2017 saw an increase of 35 percent compared to the first quarter of 2016. This is a drastic improvement from 2016 levels which saw a 59 percent decrease in total wells drilled and completed from the previous year.

U.S. Rig Count is up 396 rigs from last year's count of 443, with oil rigs up 318, gas rigs up 76, and miscellaneous rigs up 2. Canadian Rig Count is up 91 rigs from last year's count of 41, with oil rigs up 34 and gas rigs up 57.

China was the top foreign buyer of US crude in February, according to data that show the growing interdependence of the world’s big energy-consuming nations at a time of heightened geopolitical tensions.

One of the most important events in the energy field was held in Moscow. The name of the Global Energy Prize laureate was announced during the international press conference. In 2017 the prestigious award goes to Michael Graetzel (Switzerland) “for transcendent merits in development of low cost and efficient solar cells, known as “Graetzel cells”, aimed to creation of cost-efficient, large-scale engineering solutions for power generation”. He will receive a golden medal and RUB 39 million (approximately $ 693 000).

Speaking to reporters following a cabinet meeting on Wednesday, the official described India as one of Iran's good customers, but stressed that New Delhi cutting its oil purchase from Iran would not cause any trouble for Tehran as the country has more demand for its oil than can produce.

Ukraine has been urged to finalise gas sector reforms by Janez Kopac, director of Energy Community that regroups EU and non-EU states in Europe.

Brent crude futures were at $54.20 per barrel at 0708 GMT, down 16 cents, or 0.28 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were down 18 cents, or 0.35 percent, at $50.97 a barrel.

China's apparent oil demand rose 5.3% year on year in the first two months of 2017 to 11.65 million b/d on the back of robust economic growth, holiday transportation demand and efforts to build stocks ahead of the refinery maintenance season that started in March.

«По нашей статистике, российско-китайский товарооборот увеличился на 3,9% по сравнению с 2015 годом и превысил 66 млрд. долларов. По состоянию на 3 квартал 2016 года инвестиции из Китая в Россию увеличились на 13% по сравнению с аналогичным периодом прошлого года»