U.S. RIGS DOWN 4 TO 1,044

BAKER HUGHES A GE - U.S. Rig Count is down 4 rigs from last week to 1,044, with oil rigs down 2 to 859, gas rigs down 3 to 183, and miscellaneous rigs up 1 to 2.

U.S. Rig Count is up 90 rigs from last year's count of 954, with oil rigs up 94, gas rigs down 6, and miscellaneous rigs up 2.

The U.S. Offshore Rig Count is up 1 rig to 17 and unchanged at 17 rigs year-over-year.

Canada Rig Count is unchanged from last week at 223 rigs, with oil rigs down 2 to 152 and gas rigs up 2 to 71.

Canada Rig Count is up 6 rigs from last year's count of 217, with oil rigs up 28 and gas rigs down 22.

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Earlier:

2018, August, 1, 09:30:00 U.S. ENERGY EFFICIENCY UP U.S. EIA - U.S. energy expenditures declined for the fifth consecutive year, reaching $1.0 trillion in 2016, a 9% decrease in real terms from 2015. Adjusted for inflation, total energy expenditures in 2016 were the lowest since 2003. Expressed as a percent of gross domestic product (GDP), total energy expenditures were 5.6% in 2016, the lowest since at least 1970.

2018, July, 30, 13:10:00 U.S. RIGS UP 2 TO 1,048 BAKER HUGHES A GE - U.S. Rig Count is up 2 rigs from last week to 1,048, with oil up 3 to 861, gas rigs down 1 to 186, and miscellaneous rigs unchanged at 1. Canada Rig Count is up 12 rigs from last week to 223, with oil rigs up 12 to 154 and gas rigs unchanged at 69.

2018, July, 27, 12:50:00 U.S. OIL INVESTMENT UP, DEBT DOWN EIA - Capital expenditures for these 46 companies totaled almost $19 billion in the first quarter of 2018, a year-over-year increase of nearly $2 billion (10%). Most of these companies have announced that they expect to increase full-year 2018 capital expenditures from 2017 levels.

2018, July, 27, 12:45:00 U.S. OIL TO CHINA DOWN PLATTS - China's crude oil imports from the US for July have fallen sharply from June, and are expected to drop even further for August, vessel tracking data showed, as Beijing's tariffs on US crude imports get closer to implementation.

2018, July, 27, 12:25:00 BP GAS INVESTMENT $10.5 BLN BP - “This is a transformational acquisition for our Lower 48 business, a major step in delivering our Upstream strategy and a world-class addition to BP’s distinctive portfolio. Given our confidence in BP’s future – further bolstered by additional earnings and cash flow from this deal – we are increasing the dividend, reflecting our long-standing commitment to growing distributions to shareholders.

2018, July, 25, 09:35:00 U.S. OIL PRODUCTION: 10.7 MBD API - API released its monthly statistical report for June of 2018 highlighting that U.S. production of crude oil and natural gas liquids hit is highest level ever. In June, production of crude oil hit 10.7 million barrels per day (mb/d) and production of natural gas liquids hit 4.2 mb/d.

2018, July, 23, 13:25:00 U.S. OIL PRODUCTION + 143 TBD, GAS PRODUCTION + 1,066 MCFD EIA - Crude oil production from the major US onshore regions is forecast to increase 143,000 b/d month-over-month in July from 7,327 to 7,470 thousand barrels/day , gas production to increase 1,066 million cubic feet/day from 69,466 to 70,532 million cubic feet/day .