The high-cost Canadian oil industry is being hammered by the dual effects of Covid-19 and the fallout from unconstrained supply.

U.S. Rig Count is down 34 rigs from last week to 374, Canada Rig Count is down 1 rig from last week to 26

Brent was up by 87 cents, or 3%, at $30.33 a barrel, WTI gained $1.12, or 4.8%, to $24.67 a barrel

Brent was down by 24 cents, or 0.8%, to $29.48 a barrel, WTI was down by 24 cents, or 0.8%, to $29.48 a barrel

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 4.6 million barrels from the previous week. At 532.2 million barrels, U.S. crude oil inventories are about 12% above the five year average for this time of year.

Brent was up 45 cents, or 1.5%, at $31.42 a barrel, WTI was up 45 cents, or 1.5%, at $31.42 a barrel.

The worldwide rig count for April 2020 was 1,514, down 450 from the 1,964 counted in March 2020

U.S. Rig Count is down 57 rigs from last week to 408, Canada Rig Count is up 1 rig from last week to 27

Brent was up $1.97 or 8.1%, at $26.20 a barrel, WTI climbed to $17.30 a barrel, up 14.9% or $2.24.

Russia is advocating a shift in the OPEC+ strategy once global crude oil recovers

Brent were up 2.30%, or 47 cents, to $20.93 a barrel, WTI jumped 12.56% or $1.55 to $13.89

Brent rose 41 cents, or 2%, to $20.40 a barrel, WTI was down 78 cents, or 6%, at $12.00 a barrel.

National Oilwell Varco, Inc. (NYSE: NOV) reported first quarter 2020 revenues of $1.88 billion, compared to $2.28 billion for the fourth quarter of 2019 and $1.94 billion for the first quarter of 2019.

Brent was down 90 cents, or 4.2%, at $20.54 a barrel, WTI fell $2.42, or 14.3%, to $14.52 a barrel

«Большинство эксперт­ов сходятся в том что на сегодня мы находимся на пике снижения спрос­а на нефть. Во втором полугодии, думаю, экономика начнет восстанавливат­ься и спрос будет ра­сти»,