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2017, January, 9, 18:55:00
RUSSIA CUTS 100 TBD
Russia cut its oil production in early January by around 100,000 barrels per day (bpd) from the previous month after an agreement with OPEC to cap global crude output, two sources from the energy sector told Reuters on Monday.
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2017, January, 9, 18:35:00
WORLDWIDE RIG COUNT DOWN 197
Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for December 2016 was 929, up 4 from the 925 counted in November 2016, and down 166 from the 1,095 counted in December 2015. The international offshore rig count for December 2016 was 210, down 1 from the 211 counted in November 2016, and down 40 from the 250 counted in December 2015.
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2017, January, 9, 18:30:00
U.S. RIGS UP 7
U.S. Rig Count is up 1 rig from last year's count of 664, with oil rigs up 13, gas rigs down 13, and miscellaneous rigs up 1.
Canadian Rig Count is up 39 rigs from last year's count of 166, with oil rigs up 10, gas rigs up 28, and miscellaneous rigs up 1.
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2017, January, 5, 20:10:00
OPEC PRODUCTION DOWN 310 TBD
The decline in December comes as OPEC, which controls around 40 percent of global supply, is planning to curb output in a bid to boost oil prices. The organization reached a historic deal last month with Russia and other non-members to cut global production by almost 1.8 million barrels a day starting this month.
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2017, January, 5, 20:00:00
U.S. RIGS UP 5
U.S. Rig Count is down 40 rigs from last year's count of 698, with oil rigs down 11, gas rigs down 30, and miscellaneous rigs up 1.
Canadian Rig Count is up 74 rigs from last year's count of 83, with oil rigs up 40, gas rigs up 29, and miscellaneous rigs up 5.
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2016, December, 29, 18:35:00
SHALE OIL COMPANIES UP
If oil passes $70 a barrel, the U.S. could start pumping out an extra million barrels a day, offsetting much of the planned cut from the Organization of Petroleum Exporting Countries, according to a Citigroup Inc. analysis.
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2016, December, 29, 18:30:00
U.S. SHALE DRILLERS UP
U.S. shale drillers are set to ramp up spending on exploration and production next year as recovering oil prices prompt banks to extend credit lines for the first time in two years.
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2016, December, 28, 18:35:00
OPEC: IMPORTANT DECISION
The most important challenge facing Iran and all the Iranian technical and professional elite is high recovery of coefficient, he said, adding that raising the recovery coefficient by one percent will result in 700 billion barrels or let's say seven billion barrels; seven billion barrels with an oil sold for 50 dollars per barrel means 350 billion dollars more wealth for the country.
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2016, December, 28, 18:30:00
VENEZUELA WILL CUT 95 TBD
Venezuela said on Tuesday it will cut 95,000 barrels-per-day of oil production in the New Year in fulfilment of a producers' deal to reduce global output and strengthen prices.
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2016, December, 26, 18:35:00
GAZPROM DISCOVERS SERBIA
A new deposit in Serbia’s Pannonian oil and gas basin may contain recoverable reserves of 432,000 tonnes, according to Russia's PJSC Gazprom Neft. The Idos-X-4 well was drilled to the Neogene-aged formation at a depth of 2,268-2,287 m in the Idos-Sever (Northern Idos) field.
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2016, December, 26, 18:30:00
U.S. RIGS UP 16
U.S. Rig Count is down 47 rigs from last year's count of 700, with oil rigs down 15, gas rigs down 33, and miscellaneous rigs up 1.
Canadian Rig Count is up 98 rigs from last year's count of 126, with oil rigs up 62, gas rigs up 31, and miscellaneous rigs up 5.
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2016, December, 22, 15:55:00
IRAQ REDUCES OIL
Iraq is fully committed to delivering on OPEC’s Nov. 30 agreement to reduce supplies, Oil Minister Jabbar al-Luaibi said Thursday in Cairo at a meeting of the Organization of Arab Petroleum Exporting Countries, known as OAPEC.
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2016, December, 21, 18:45:00
RUSSIAN GAS PRODUCTION: 637 BCM
Russia's gas production, including associated petroleum gas, is estimated at 637 Bcm in 2016, which would represent a marginal increase of 0.2% year on year, energy minister Alexander Novak said late Tuesday.
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2016, December, 21, 18:30:00
NORWAY'S PETROLEUM PRODUCTION UP 37 TBD
Preliminary production figures for November 2016 show an average daily production of 2 153 000 barrels of oil, NGL and condensate, which is an increase of 37 000 barrels per day (approx. 2 percent) compared to October.
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2016, December, 20, 18:30:00
U.S. RIGS UP 13
U.S. Rig Count is down 72 rigs from last year's count of 709, with oil rigs down 31, gas rigs down 42, and miscellaneous rigs up 1.
Canadian Rig Count is up 72 rigs from last year's count of 162, with oil rigs up 45, gas rigs up 25, and miscellaneous rigs up 2.