April 2022

U.S. Rig Count is up 2 from last week to 695 , Canada Rig Count is down 2 from last week to 101.

Brent was down 76 cents, or 0.7%, at $107.57 a barrel, WTI declined 32 cents, or 0.3%, to $103.47.

The price of OPEC basket of thirteen crudes stood at $108.81 a barrel on Thursday, compared with $107.97 the previous day, according to OPEC Secretariat calculations

Combined, Russia's seaborne crude and key oil products exports stood at 6.79 million b/d so far in April, down 640,000 b/d from 7.43 million b/d in February,

Oil production averaged 10.1 million barrels a day between April 1 and April 19, with the average production for the month forecast at 10 million barrels a day, down from the March average of 11.01 million barrels a day.

Budapest does not support sanctions against Russian oil and gas and will not allow transit of weapons to Ukraine through its territory.

The State Council said nuclear power "should be developed in an orderly manner under the premise of strict supervision and absolute safety."

Preliminary production figures for March 2022 show an average daily production of 1 960 000 barrels of oil, NGL and condensate.

U.S. commercial crude oil inventories decreased by 8.0 million barrels to 413.7 million barrels.

Brent rose $1.04, or 1%, to $107.84 a barrel, WTI gained 61 cents, or 0.6%, to 102.80 a barrel.