Petroleum product exports averaged 4.1 million barrels per day (b/d) in the first four months of the year, the latest monthly data available. This was an increase of 0.5 million b/d over the same time last year.

U.S. Rig Count is up 3 rigs from last week to 862, with oil rigs up 12 to 640, gas rigs down 9 to 219, and miscellaneous rigs unchanged at 3.

Russia has been hit by lower oil prices and by Western sanctions over its role in the Ukraine crisis. Its rouble currency fell sharply against the dollar in 2014 and has yet to recover.

The exchange in Shanghai has registered capital of 1 billion yuan and 10 shareholders. State-run Xinhua News Agency has the largest stake – at 33 percent – followed by the country's Big Three oil and gas producers. China National Petroleum Corp. (CNPC), China Petrochemical Corp. Group and China National Offshore Oil Corp. each own 10 percent.

China's apparent oil demand* in May increased 8.2% from a year earlier to 43.80 million metric tons (mt), or an average 10.36 million barrels per day (b/d).

Russia’s top investigative body, the federal Investigative Committee, said on its website Tuesday that it wants to question Mr. Khodorkovsky about the murder of Vladimir Petukhov, the mayor of the Siberian city of Nefteyugansk, where Yukos had its biggest oil-production unit.

Greece moving down oil prices. Oil prices fell on Monday, with U.S. crude dipping below $59 per barrel to an almost three-week low, after Greece imposed capital controls as lenders refused to extend the country's bailout.

Argentina and China have respectively drilled more than 275 and 200 wells targeting shale plays over the past 2 years, providing each country with the potential to significantly increase production of shale gas and tight oil.

U.S. Rig Count is up 2 rigs from last week to 859, with oil rigs down 3 to 628, gas rigs up 5 to 228, and miscellaneous rigs unchanged at 3.

Share sales by US oil and gas companies have slowed sharply in recent months, in a sign of the tightening financial pressures on the industry following the fall in crude prices.

Выручка от реализации составила 1 288 млрд руб. (21 млрд долл. США). На фоне снижения мировых цен (-12% в рублевом выражении по отношению к 1 кв. 2014 г.) эффективное распределение ресурсов и использование высокомаржинальных каналов реализации позволили скомпенсировать снижение выручки, составившее 6,3% по отношению к 1 кв. 2014 г.

According to a recent report from Swift Worldwide Resources, over 150,000 jobs in the global oil and gas industry have been cut since oil prices began to tumble last summer.

U.S. was keeping the European Union countries on a 'short leash' by forcing them to impose anti-Russia sanctions.

Iran produces about 2.7m barrels of oil a day. But a report by Wood Mackenzie, the energy consultancy, to be published on Thursday, says that it could add 600,000 b/d of crude production by the end of 2017, assuming that it strikes a nuclear deal with the US and EU that lifts sanctions.

Kuwait's oil minister said on Tuesday he expected oil prices to continue rising, predicting gains in the final quarter of 2015 on the back of global growth.