U.S. RIGS UP 9 TO 1,080
BHGE - U.S. Rig Count is up 9 rigs from last week to 1,080, with oil rigs up 10 to 883 and gas rigs down 1 to 197.
U.S. Rig Count is up 149 rigs from last year's count of 931, with oil rigs up 136 and gas rigs up 13.
The U.S. Offshore Rig Count is up 1 rig to 24 and up 5 rigs year-over-year.
Canada Rig Count is down 43 rigs from last week…
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US crude oil inventories for the week ended Mar. 15, excluding the Strategic Petroleum Reserve, decreased 9.6 million bbl from the previous week, data from the US Energy Information Administration showed.
Saudi Arabia will supply its clients with significantly less oil than they requested in April, extending deeper-than-agreed oil production cuts into a second month, a Saudi official familiar with the policy said.
Oil & Gas UK estimates exploration and production companies would have to spend about $265 billion between 2019-35 to realize industry’s expectations outlined in Vision 2035 on the UK Continental Shelf (UKCS).
U.S. FRB - Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. In support of these goals, the Committee decided to maintain the target range for the federal funds rate at 2-1/4 to 2-1/2 percent.