2018

BAKER HUGHES A GE - U.S. Rig Count is down 8 rigs from last week to 1,046, with oil down 5 to 858, gas rigs down 2 to 187, and miscellaneous rigs down 1 to 1. Canada Rig Count is up 14 rigs from last week to 211, with oil rigs up 3 to 142 and gas rigs up 11 to 69.

REUTERS - Brent crude futures were down 66 cents, or 0.9 percent, at $74.67 a barrel at 0645 GMT. U.S. West Texas Intermediate (WTI) crude was down 57 cents, or 0.8 percent, at $70.43 a barrel.

IEA - The re-emergence of Libya as a risk factor in global supply follows a series of attacks on key infrastructure that saw production plummet to around 500 kb/d in July from close to the 1 mb/d level seen for about a year.

PLATTS - "The shift from reporting individual country conformity to reporting overall conformity will be adopted to reflect the June 23 decision of the 4th OPEC and non-OPEC Ministerial Meeting that countries will strive to adhere to the overall conformity level, voluntarily adjusted to 100%, as of July 2018," Saudi energy minister Khalid al-Falih wrote to his counterparts Thursday in a letter.

SHANA - Dr. Hassan Rouhani, following a meeting of the heads of the three powers, stated that the vast majority of countries do not undergo US domestic laws, saying: “In the fields of energy, transportation, production and staple commodities, the country will not encounter any trouble, and we have always been victorious every time the administration and people stayed together.”

ИРНА - Россия заявила о готовности инвестировать в нефтегазовый сектор Ирана 50 млрд долларов, заявил советник верховного лидера Ирана Али Акбар Велайати по итогам встречи с президентом России Владимиром Путиным.

ГАЗПРОМ - По предварительным данным, с 1 января по 12 июля 2018 года объем экспорта газа в Сербию составил 1,2 млрд куб. м, что на 5,3% превышает аналогичный показатель 2017 года.

AN - China National Offshore Oil Corp. (CNOOC) is willing to invest $3 billion in its existing oil and gas operation in Nigeria, the Nigerian National Petroleum Corporation (NNPC) said on Sunday following a meeting with the Chinese in Abuja.

REUTERS - Production at Libya’s giant Sharara oil field was expected to fall by at least 160,000 barrels per day (bpd) on Saturday after two staff were abducted in an attack by an unknown group, the National Oil Corporation (NOC) said.

IMF - Output grew by 3.8 percent in 2017, underpinned by a resilient non-hydrocarbon sector, with robust implementation of GCC-funded projects as well as strong activity in the financial, hospitality, and education sectors. The banking system remains stable with large capital buffers. Growth is projected to decelerate over the medium term.