March 2022

The Worldwide Rig Count for February was 1,669, up 37 from the 1,632 counted in January 2022,and up 399 from the 1,270 counted in February 2021.

U.S. Rig Count is unchanged from last week at 650, Canada Rig Count is down 7 from last week to 217.

Brent rose at $111.19, WTI rose $1.21, or 1.1%, to $108.88.

During the conversation, it was noted with satisfaction that OPEC+ member countries are consistently fulfilling their obligations to help ensure stability on the global oil market. Russia and Saudi Arabia will continue to coordinate approaches within this format.

he initial release of 60 mbl accounts for 4% of those stockpiles (1.5 Gbl) and would represent 2 mbl/d for 30 days

The Northeast Asia thermal coal price assessment 5,750 NAR rose $28.23 on the session to $248.63/mt.

The proposed measures are fully consistent with the EU's European Green Deal and Fit for 55, and pave the way for further emissions reductions in the years to come, the IEA said.

The executive order mandates the Department of Energy (DOE) to develop and implement the Nuclear Energy Programme as part of the Philippine Energy Plan,

ExxonMobil operates the Sakhalin-1 project on behalf of an international consortium of Japanese, Indian and Russian companies.

Brent was up $2.18, or 1.9%, at $115.11 a barrel, WTI hit a high of $116.57.