2016
![2016](/cache/2016/11/USA-403.6cba64ec.jpg)
2016, November, 21, 18:30:00
U.S. RIGS UP 20
U.S. Rig Count is down 169 rigs from last year's count of 757, with oil rigs down 93, gas rigs down 77, and miscellaneous rigs up 1.
Canadian Rig Count is up 18 rigs from last year's count of 166, with oil rigs up 33 and gas rigs down 15.
![2016](/cache/2016/11/SAUDI-79.89ac1ac3.jpg)
2016, November, 21, 16:15:00
SAUDI PAID $10.7 BLN
With its oil revenues slashed by low crude prices, the government of the world’s largest oil exporter has cut spending sharply this year and reduced or suspended payments owed to construction firms, medical establishments and even some of the foreign consultants who helped to design its economic reforms.
![2016](/cache/2016/11/OIL-436.2c5320d2.jpg)
2016, November, 18, 18:50:00
OIL DEMAND 2040
Global oil demand won’t stop growing before 2040 despite pledges made at the Paris climate change summit last year to cap greenhouse-gas emissions.
![2016](/cache/2016/11/RUSSIA-150.b6b47ca4.jpg)
2016, November, 18, 18:45:00
RUSSIAN DECISION: $6 BLN
Russia’s decision earlier this year to engage in talks with OPEC about limiting oil output has added more than 400 billion rubles ($6 billion) to the nation’s budget, according to two officials familiar with government calculations.
![2016](/cache/2016/11/RUSSIA-149.dc5d7fa1.jpg)
2016, November, 18, 18:40:00
RUSSIA'S STABLE OUTLOOK
Russia's oil and gas companies will continue to benefit from the weak rouble while avoiding a major tax hike in 2017, according to a new special report by Fitch Ratings.
![2016](/cache/2016/11/VenezuelA-15.d69d0ae5.jpg)
2016, November, 18, 18:35:00
VENEZUELA & CHINA: $50 BLN
Venezuela has borrowed over $50 billion from China under a financing arrangement created by late socialist leader Hugo Chavez in 2007, in which a portion of its crude and fuel sales to the world's second-biggest economy are used to pay down loans.
![2016](/cache/2016/11/NIGERIA-24.ccb8a060.jpg)
2016, November, 18, 18:30:00
NIGERIA'S OIL SETTLEMENT: $5.1 BLN
Nigeria reached a $5.1 billion settlement to reimburse foreign oil companies including Exxon Mobil Corp. and Royal Dutch Shell Plc for past operating costs.
![2016](/cache/2016/11/PRICE-394.fcd117c2.jpg)
2016, November, 17, 18:50:00
ЦЕНА НЕФТИ: ДАЖЕ ВЫШЕ $47
К 8.30 МСК цена марки WTI опустилась на 7 центов до $45,50 за баррель, фьючерсы на марку Brent подешевели на 7 центов до $46,56.
![2016](/cache/2016/11/iran-98.ff43179e.jpg)
2016, November, 17, 18:45:00
IRAN - SAUDI COMPETITION
Iran overtook political rival Saudi Arabia as India's top oil supplier in October, shipping data showed, just ahead of a producers' meeting this month to hammer out the details on output cuts aimed at reining in a global glut.
![2016](/cache/2016/11/JAPAN-9.03cfaff5.jpg)
2016, November, 17, 18:40:00
JAPAN NEEDS MORE OIL
Japan sees the current low oil price environment creating "a significant chance for acquiring [upstream] stakes and assets," as well as the need to facilitate upstream investments amid slowing investments globally, Yuki Sadamitsu, director of the oil and gas division at the Ministry of Economy, Trade and Industry said in an interview with S&P Global Platts last month.