U.S. Rig Count is down 40 rigs from last year's count of 698, with oil rigs down 11, gas rigs down 30, and miscellaneous rigs up 1. Canadian Rig Count is up 74 rigs from last year's count of 83, with oil rigs up 40, gas rigs up 29, and miscellaneous rigs up 5.

В 2017 году цена на нефть будет в диапазоне 55 - долларов за баррель.

U.S. benchmark West Texas intermediate (WTI) crude futures were up 23 cents to $54.00 at 0746 GMT. Brent front-month March crude oil futures rose 31 cents to $57.16.

U.S. light crude was down 20 cents at $53.86 by 0930 GMT (4:30 a.m. ET), while North Sea Brent crude was up 5 cents at $56.27 a barrel.

The analysts predicting that Brent will average $58 a barrel next year expect $53 in the first quarter and $56 in the second. West Texas Intermediate will be about $1.40 cheaper than Brent in 2017, the estimates show. WTI settled at $53.90 in New York on Tuesday.

If oil passes $70 a barrel, the U.S. could start pumping out an extra million barrels a day, offsetting much of the planned cut from the Organization of Petroleum Exporting Countries, according to a Citigroup Inc. analysis.

International Brent LCOc1 crude futures were trading down 7 cents, or 0.12 percent, at $56.02 a barrel at 0722 GMT (2.22 a.m. ET) after closing the previous session up 93 cents. U.S. benchmark West Texas Intermediate (WTI) crude oil prices CLc1 were down 8 cents at $53.82 per barrel after settling up 88 cents at $53.90 a barrel in the previous session.

London Brent crude for February delivery LCOc1 was down 1 cents at $55.15 a barrel by 0335 GMT (10.35 p.m. ET) after settling up 11 cents on Friday. Oil markets were closed on Monday after Christmas at the weekend. NYMEX crude for February delivery CLc1 was up 10 cents at $53.12 a barrel, after closing at a 17-month high on Friday.

U.S. Rig Count is down 47 rigs from last year's count of 700, with oil rigs down 15, gas rigs down 33, and miscellaneous rigs up 1. Canadian Rig Count is up 98 rigs from last year's count of 126, with oil rigs up 62, gas rigs up 31, and miscellaneous rigs up 5.

According to latest data published by oil ministry’s Petroleum Planning and Analysis Cell (PPAC), LNG imports in October were 2.26bn m³, up almost 18.6% compared with the same month last year. Cumulative imports too remain substantially higher. For the April-October period, India’s LNG imports were 14.9bn m³, up by 25% on year.

The annual volume of the global gas trade is expected to increase from around 1,000bn m3 currently to 1,650bn m3 by 2040; an absolute growth of 65%.

Preliminary production figures for November 2016 show an average daily production of 2 153 000 barrels of oil, NGL and condensate, which is an increase of 37 000 barrels per day (approx. 2 percent) compared to October.

Benchmark Brent crude oil futures LCOc1 were trading up 56 cents, or 1 percent, at $55.48 a barrel at 1329 GMT. U.S. West Texas Intermediate (WTI) crude futures CLc1 were up 29 cents at $52.41 a barrel, not far off a one-week high of $52.52.

Россия сегодня добывает больше 11 млн барр. в сутки, мы очень крупный игрок среди стран-производителей, поэтому без нас сегодня практически невозможен процесс регулирования нефтяных рынков. Мы пошли на договоренности по снижению добычи, потому что это даст положительный результат и для бюджета, и для нефтяных компаний, поможет стабилизировать ситуацию в целом. Раньше они балансировали рынок самостоятельно, но в настоящий момент вряд ли страны ОПЕК приняли бы решение о сокращении добычи без нас. В этот раз для ОПЕК было важно участие в сокращении добычи и других стран-производителей, чтобы достичь желаемого эффекта.

U.S. Rig Count is down 72 rigs from last year's count of 709, with oil rigs down 31, gas rigs down 42, and miscellaneous rigs up 1. Canadian Rig Count is up 72 rigs from last year's count of 162, with oil rigs up 45, gas rigs up 25, and miscellaneous rigs up 2.