U.S. natural gas exports reached new highs in 2019, driven by LNG exports.

The Norwegian Petroleum Directorate projects that the overall production of oil and gas in 2024 will be close to the record year 2004 – among other things due to Sverdrup and because the Johan Castberg field in the Barents Sea is scheduled to come on stream in 2022.

The worldwide rig count for December 2019 was 2,043, up 1 from the 2,042 counted in November 2019, and down 201 from the 2,244 counted in December 2018.

"The market is well-supplied," Suhail Mazrouei said in Abu Dhabi. "I would say now we are not forecasting a shortage of supply unless we have a catastrophic escalation which we don't see."

expects India's oil demand to grow by 170,000 b/d in 2020, up from 155,000 b/in 2019.

The preliminary level for dry natural gas production in October 2019 was 2,952 billion cubic feet (Bcf), or 95.2 Bcf/d.

U.S. Rig Count is down 9 rigs from last week to 796, Canada Rig Count is down 14 rigs from last week to 85

U.S. Rig Count is down 8 rigs from last week to 805, Canada Rig Count is down 50 rigs from last week to 99

“It really is a great irony that at a time when the United States became the world’s biggest producer and has become a great exporter, that investors have become skeptical and have adopted a position of ‘show me the money,’”

It was highlighted that the ongoing global growth in natural gas consumption is one of the chief trends of 2019.

Saudi Arabia and Kuwait signed an agreement Tuesday to resume pumping at two major oilfields in a shared neutral zone shut for five years due to a bilateral disagreement, officials said.

Shell oil production is expected to be between 2,775 and 2,825 thousand barrels of oil equivalent per day

U.S. Rig Count is up 14 rigs from last week to 813, Canada Rig Count is down 4 rigs from last week to 149

Crude oil production from the major US onshore regions is forecast to increase 30,000 b/d month-over-month in December from 9,105 to 9,135 thousand barrels/day, gas production to increase 77 million cubic feet/day from 85,521 to 85,598 million cubic feet/day .

Global oil demand increased by 900 kb/d y-o-y in 3Q19, the strongest annual growth in a year. Nearly three-quarters of the growth occurred in China.