The preliminary level for dry natural gas production in November 2020 was 2,757 billion cubic feet (Bcf), or 91.9 Bcf/d. This level was 4.8 Bcf/d (-5.0%) lower than the November 2019 level of 96.7 Bcf/d.

Following the recent issuance of a 60-day moratorium on new drilling permits and land leases on federal land, President Joe Biden Jan. 27 signed an executive order that would suspend all new federal oil and gas leases,

bp has agreed to sell a 20% participating interest in Oman’s Block 61 to PTT Exploration and ‎‎Production Public Company Limited (PTTEP) of Thailand for a total consideration of $2.6 billion.

U.S. Rig Count is up 6 from last week to 384, Canada Rig Count is up 2 from last week to 174.

Brent rose 23 cents, or 0.4%, to $55.76 a barrel. WTI rose 7 cents, or 0.1%, to $52.41.

Brent fell 46 cents, or 0.8%, to $55.35 a barrel. WTI fell 36 cents, or 0.7%, to $52.49 a barrel.

OPEC reaffirms its faith – time and time again – of the need for dialogue, cooperation, and respect.

"The surprise cut that they have done recently is a really brilliant move that led to stabilization of the market joined by other OPEC members at the most critical time," Dmitriev, who has been leading Russia's diplomacy in Saudi Arabia alongside Deputy Prime Minister Alexander Novak, said at the Saudi Future Investment Initiative conference.

U.S. commercial crude oil inventories decreased by 9.9 million barrels to 476.7 million barrels.

CNOOC has taken delivery of a 100,000-ton deepwater semisubmersible production and storage platform, built to ABS Class.

Brent climbed 51 cents, or 0.9%, to $56.42 a barrel. WTI rose 41 cents, or 0.8%, to $53.02.

Brent was down 28 cents, or 0.5%, at $55.60. WTI fell 26 cents, or 0.5%, to $52.51.

Brent rose 34 cents, or 0.6%, to $55.75 a barrel. WTI was up 37 cents, or 0.7%, at $52.64.

U.S. commercial crude oil inventories increased by 4.4 million barrels to 486.6 million barrels.

Libyan crude and condensate output surged to around 1.25 million b/d earlier this month, its highest level in more than six years