2018

BAKER HUGHES A GE - U.S. Rig Count is down 3 rigs from last week to 1,059, with oil rigs up 1 to 863, gas rigs down 4 to 194 and miscellaneous rigs unchanged at 2. Canada Rig Count is up 27 rigs from last week to 139, with oil rigs up 18 to 87 and gas rigs up 9 to 52.

REUTERS - Brent crude LCOc1 had edged up 3 cents to $75.97 a barrel by 0658 GMT, after settling down 80 cents the session before. U.S. West Texas Intermediate crude CLc1 was up 5 cents at $66.94 a barrel, having settled the last session up 25 cents. It touched a two-week high of $67.16 on Thursday.

ARAB NEWS - Saudi Arabia’s Crown Prince Mohammed bin Salman held talks with Russian President Vladimir Putin in Moscow Thursday.

REUTERS - Saudi Arabia and Russia, architects of the deal among producers to cut output by about 1.8 million barrels per day (bpd) from January 2017, have now indicated they want output to increase.

МИНЭНЕРГО РОССИИ - В подписанном по итогам встречи совместном заявлении о партнёрстве в международных делах главы государств подтвердили обоюдную заинтересованность в сотрудничестве по вопросам развития топливно-энергетического комплекса обеих стран, а также взаимное стремление к обмену знаниями, опытом и технологиями в целях совместной реализации проектов в сфере электроэнергетики.

ГАЗПРОМ - в Москве в офисе ПАО «Газпром» состоялась рабочая встреча Председателя Правления Алексея Миллера и Президента Многонационального Государства Боливия Эво Моралеса.

BP - In 2017 global energy demand grew by 2.2%, above its 10-year average of 1.7%. This above-trend growth was driven by stronger economic growth in the developed world and a slight slowing in the pace of improvement in energy intensity.

REUTERS - India’s oil imports from Iran surged to about 705,000 barrels per day (bpd) in May, their highest level since October 2016, according to data from shipping and industry sources, despite the threats of fresh U.S. sanctions.

REUTERS - Saudi Aramco plans to boost investments in refining and petrochemicals to secure new markets for its crude, and sees growth in chemicals as central to its downstream strategy to lessen the risk of a slowdown in oil demand.

REUTERS - Canada’s oil output is set to rise 33 percent by 2035, driven almost entirely by higher oil sands production, but without new export pipelines Canadian producers will continue to be excluded from emerging markets, an industry group said