January 2017
![January 2017](/cache/2017/01/USA-423.e31f088d.jpg)
2017, January, 9, 18:30:00
U.S. RIGS UP 7
U.S. Rig Count is up 1 rig from last year's count of 664, with oil rigs up 13, gas rigs down 13, and miscellaneous rigs up 1.
Canadian Rig Count is up 39 rigs from last year's count of 166, with oil rigs up 10, gas rigs up 28, and miscellaneous rigs up 1.
![January 2017](/cache/2017/01/PRICE-21.60de600e.jpg)
2017, January, 5, 20:15:00
OIL PRICES: ABOVE $56 O'ER
Benchmark Brent crude oil LCOc1 was up 50 cents a barrel at $56.96 by 1440 GMT (9:40 a.m. ET). U.S. light crude CLc1 was up 45 cents a barrel at $53.71. Both contracts rose by around 2 percent on Wednesday.
![January 2017](/cache/12-2017/OPEC-63.7e9777a6.png)
2017, January, 5, 20:10:00
OPEC PRODUCTION DOWN 310 TBD
The decline in December comes as OPEC, which controls around 40 percent of global supply, is planning to curb output in a bid to boost oil prices. The organization reached a historic deal last month with Russia and other non-members to cut global production by almost 1.8 million barrels a day starting this month.
![January 2017](/cache/2017/01/russia-143.1785d04c.jpg)
2017, January, 5, 20:05:00
RUSSIA'S GAS PRODUCTION UP 0.6%
Russia produced over 650bn m³ of gas in 2016, about 0.6% more than the previous year, the statistics of the Central Dispatching Department of Fuel Energy Complex (CDU TEK) indicate. A Russian cubic metre of gas contains about 10% less energy than a standard cubic metre owing to the higher temperature it is measured at.
![January 2017](/cache/2017/01/USA-317.4838832a.jpg)
2017, January, 5, 20:00:00
U.S. RIGS UP 5
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.