U.S. RIGS UP 3 TO 984
BAKER HUGHES A GE - U.S. Rig Count is up 3 rigs from last week to 984, with oil rigs down 4 to 796, gas rigs up 7 to 188.
U.S. Rig Count is up 216 rigs from last year's count of 768, with oil rigs up 179, gas rigs up 37.
The U.S. Offshore Rig Count is down 1 rig to 13 and down 7 rigs from last year's count of 20.
Canada Rig Count is down 29 rigs from last week to 273,…
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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.