U.S. Rig Count is down 4 from last week to 776, Canada Rig Count is down 3 from last week to 199.

Brent fell 14 cents, or 0.2%, to $81.07 per barrel, WTI slipped 22 cents, or 0.3%, to $75.89.

The IEA predicts oil demand will rise by 2.3 million b/d in 2022 and by a further 1.7 million b/d in 2023, noting the contrast between strong gasoil and diesel use, especially in non-OECD economies, and weak petrochemical consumption in Europe and Asia.

Dutch front-month gas futures, a European benchmark, were 5% lower at €128 a megawatt-hour at 8:40 a.m. in Amsterdam.

Средняя цена на нефть Urals за период мониторинга с 15 ноября 2022 года по 14 декабря 2022 года составила $57,49 за баррель, или $419,7 за тонну.

OPEC is also in protection of the $80/bbl price floor and I'd suggest to get the buys in at mid 75s to low 72s on the #CL being a value trader coming into 2023.

U.S. commercial crude oil inventories increased by 10.2 million barrels to 424.1 million barrels.

Brent dropped 17 cents, or 0.2%, to $80.51 per barrel, WTI fell 3 cents to $75.36.

Brent rose $1.33, or 1.7%, to $79.32 per barrel, WTI gained $1.15, or 1.6%, to $74.32.

Export loadings of Russian crude averaged 3.02 million b/d in the week ending Dec. 11, little changed from the week before and in line with the November average of 3.07 million b/d

Despite Russia slashing gas deliveries this year, Europe has averted a severe shortage and started the winter with brimming gas storage tanks

Countries led by Germany, the Netherlands and Denmark are calling for a cautious approach, while a group including Belgium, Italy, Greece and Poland is pushing for a more aggressive tool to contain gas prices.

Brent were down 38 cents, or 0.4%, at $75.72 a barrel, WTI was at $70.76 a barrel, down 26 cents, or 0.3%.

The Arctic weather is the first real test of Europe’s resiliency this season as it faces a historic energy crisis, with Russia curbing gas supplies to the region.

Dry natural gas production in 2022 to set an annual record in the United States, averaging 98.0 Bcf/d.