Upstream
![Upstream](/cache/06-21/usa-51.805441dc.jpg)
2021, June, 10, 12:35:00
U.S. OIL INVENTORIES DOWN 5.2 MB TO 474.0 MB
U.S. commercial crude oil inventories decreased by 5.2 million barrels from the previous week to 474.0 million barrels.
![Upstream](/cache/06-21/price-432.7cfec47a.jpg)
2021, June, 9, 12:55:00
OIL PRICE: ABOVE $72
Brent rose 73 cents, or 1%, to close at $72.22 a barrel, WTI rose 82 cents, or 1.2%, to settle at $70.05 a barrel,
![Upstream](/cache/06-21/price-426.a027d0ff.jpg)
2021, June, 9, 12:50:00
OIL PRICES 2021-22: $68-60
EIA forecasts that Brent prices will remain near current levels in 3Q21, averaging $68/b., and $60/b in 2022.
![Upstream](/cache/06-21/opec-181.d3395a68.jpg)
2021, June, 9, 12:45:00
OPEC+ OIL PRODUCTION UP 430 TBD
Despite the production gains, the looser quotas meant OPEC+ compliance stayed mostly steady at 111.45% compared to 111.16% in April,
![Upstream](/cache/06-21/hydrogen-79.b434ae65.jpg)
2021, June, 9, 12:35:00
UAE HYDROGEN DEVELOPMENT $122 BLN
A new “Hydrogen Alliance” was launched by the UAE Ministry of Energy and Infrastructure and three of Abu Dhabi’s largest government-backed companies (Mubadala Investment Company, Abu Dhabi National Oil Company, and ADQ) in January 2021
![Upstream](/cache/06-21/price-425.1ed4eab7.jpg)
2021, June, 8, 14:15:00
OIL PRICE: NEAR $71
Brent was down 35 cents, or 0.5%, at $71.14 a barrel, WTI was off by 32 cents, or 0.5%, at $68.91 a barrel,
![Upstream](/cache/06-21/20210607-124338.678c0dbd.jpg)
2021, June, 8, 14:10:00
OIL PRICE: $70 IN FOCUS
We are still on focus for the 70$/bbl on the CrudeOil
![Upstream](/cache/06-21/oil-90.ebd00c38.jpg)
2021, June, 8, 14:05:00
GLOBAL OIL, GAS DEFICIT
Sechin urged the industry to prepare for oil demand recovery in the wake of the pandemic and said that while new waves of the pandemic may slow down the recovery process, they will not stop it.
![Upstream](/cache/06-21/rig-227.3b7eed4e.jpg)
2021, June, 8, 13:15:00
WORLDWIDE RIG COUNT UP 73 TO 1,262
The Worldwide Rig Count for May was 1,262, up 73 from the 1,189 counted in April 2021
![Upstream](/cache/06-21/price-419.e61b57eb.jpg)
2021, June, 7, 12:30:00
OIL PRICE: ABOVE $71 ANEW
Brent fell 35 cents, or 0.5%, to $71.54 a barrel , WTI reversed course to trade at $69.22, down 40 cents or 0.6%.
![Upstream](/cache/06-21/rig-226.54aa797e.jpg)
2021, June, 7, 11:30:00
U.S. RIGS DOWN 1 TO 456
U.S. Rig Count is down 1 from last week to 456 , Canada Rig Count is up 15 from last week to 77.
![Upstream](/cache/06-21/price-315.4ffbcb5d.jpg)
2021, June, 4, 12:20:00
OIL PRICE: ABOVE $71
Brent rose 33 cents, or 0.5%, to $71.64 a barrel , WTI was up 22 cents, or 0.3%, at $69.03.
![Upstream](/cache/06-21/usa-384.ae8c9ccb.jpg)
2021, June, 4, 11:45:00
U.S. OIL INVENTORIES DOWN 5.1 MB TO 479.3 MB
U.S. commercial crude oil inventories decreased by 5.1 million barrels from the previous week to 479.3 million barrels.
![Upstream](/cache/05-21/price-411.be3310ee.jpg)
2021, June, 2, 14:20:00
OIL PRICE: ABOVE $70
Brent settled up 93 cents, or 1.3%, to $70.25 a barrel , WTI was up $1.40, or 2.1%, to $67.72.
![Upstream](/cache/05-21/price-401.f28b0683.jpg)
2021, June, 2, 14:05:00
OPEC+ PRODUCTION: 114%, + 2 MBD
Overall conformity to the production adjustments was 114% in April (including Mexico), ... to gradually return 2 million barrels a day (mb/d) of the adjustments to the market, with the pace being determined according to market conditions.