BAKER HUGHES A GE - The worldwide rig count for April 2018 was 2,087, down 92 from the 2,179 counted in March 2018, and up 170 from the 1,917 counted in April 2017.

REUTERS - Brent crude oil futures were at $75.71 per barrel, up 84 cents, or 1.12 percent from their last close at 0416 GMT after climbing to $75.89 a barrel earlier in the session, its highest since November 2014. U.S. West Texas Intermediate (WTI) crude futures rose 0.95 percent to trade at $70.39 per barrel, up 66 cents from their last settlement.

МИНФИН РОССИИ - Средняя цена нефти марки Urals по итогам января – апреля 2018 года составила $ 66,15 за баррель. В 2017 году средняя цена на Urals в январе – апреле составила $ 51,84 за баррель. Средняя цена на нефть марки Urals в апреле 2018 года сложилась в размере $ 69,08 за баррель, что в 1,35 раза выше, чем в апреле 2017 года ($ 51,11 за баррель).

OGJ - “I frankly don’t see it as a strategy,” Mitrova admitted. “When we look at Russia’s economy, energy is an important part. Hydrocarbons still represent the biggest share of its federal budget, but their share has dropped from 50% to 40%. There is no consistent long-term plan, and many decisions are driven by short-term adaptations. There is no clear consensus.”

U.S. DOL - Total nonfarm payroll employment increased by 164,000 in April, and the unemployment rate edged down to 3.9 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services, manufacturing, health care, and mining.

BAKER HUGHES A GE - U.S. Rig Count is up 11 rigs from last week to 1,032, with oil rigs up 9 to 834, gas rigs up 1 to 196, and miscellaneous rigs up 1 to 2. Canada Rig Count is up 1 rig from last week to 86, with oil rigs up 4 to 37 and gas rigs down 3 to 49.

REUTERS - Brent crude oil futures LCOc1 were up 31 cents at $73.44 a barrel by 0900 GMT, after falling nearly 3 percent on Tuesday to its lowest in two weeks. U.S. West Texas Intermediate (WTI) crude futures rose 50 cents to $67.75 per barrel.

PLATTS - On Wednesday the Central Dispatching Unit said Russia produced 44.878 million mt of liquids in April. This is equivalent to around 10.965 million b/d, using Platts conversion rate of 7.33 barrels per metric ton. This indicates Russia's compliance was 94%, at 282,000 b/d below the October 2016 level of 11.247 million b/d.

BLOOMBERG - The IMF bolstered its estimate for the oil price the kingdom needs to balance the national budget this year to $88 a barrel, 26 percent more than an assessment made in October.

PLATTS - China ended the first quarter of 2018 with robust apparent oil demand growth of 6.8% year on year, as stronger-than-expected GDP growth boosted consumption from the industrial and construction sectors and outweighed concerns over rising oil prices

EIA - Global trade in liquefied natural gas (LNG) increased by 3.5 billion cubic feet per day (Bcf/d) to 38.2 Bcf/d in 2017, a 10% increase from 2016 and the largest annual increase in the history of LNG trade

U.S. BEA - The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $49.0 billion in March, down $8.8 billion from $57.7 billion in February, revised.

FRB - In view of realized and expected labor market conditions and inflation, the Committee decided to maintain the target range for the federal funds rate at 1-1/2 to 1-3/4 percent. The stance of monetary policy remains accommodative, thereby supporting strong labor market conditions and a sustained return to 2 percent inflation.

REPSOL - Repsol posted net income of 610 million euros in the first quarter of 2018. Adjusted net profit, which specifically measures the performance of the company’s business units, increased to 616 million euros.

REUTERS - Brent crude oil futures LCOc1 were up 31 cents at $73.44 a barrel by 0900 GMT, after falling nearly 3 percent on Tuesday to its lowest in two weeks. U.S. West Texas Intermediate (WTI) crude futures rose 50 cents to $67.75 per barrel.