CHINA: GOOD FOR RUSSIA
Russia's recent oil and gas deals with China, some of which have been questioned on the basis of pricing, are good for Russian companies overall, argues an analyst at Moody's Investors Service.
Major agreements signed in the past 15 months between China National Petroleum Corp. and Novatek, Rosneft, and Gazprom "are credit-positive for the Russian oil and gas companies," according to Julia Pribytkova, Moody's vice-president and senior analyst in Moscow.
"They provide the Russian companies with opportunities for growth and access to new sources of funding, with the potential to expand these relationships in the…
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South Korea's economy has been pushing to shed its heavy reliance on coal and nuclear power, with the latest target coming on top of a 2017 plan to increase the amount of renewables in its energy mix to 20 percent by 2030.
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BHGE - U.S. Rig Count is down 10 rigs from last week to 1,012, with oil rigs down 8 to 825, gas rigs down 2 to 187, and miscellaneous rigs unchanged at 0. Canada Rig Count unchanged from last week at 66, with oil rigs up 1 to 19 and gas rigs down 1 to 47.