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Upstream

Upstream
2021, December, 13, 12:55:00
OIL PRICE: BELOW $76
Brent climbed 72 cents, or 1.0%, to $75.87 a barrel, WTI climbed 72 cents, or 1.0%, to $75.87 a barrel.
Upstream
2021, December, 13, 12:35:00
SAUDI ARABIA, KUWAIT OIL PRODUCTION RISE
The Neutral Zone fields, which lie in onshore and offshore territory shared by Saudi Arabia and Kuwait at their border, were offline for more than four years until 2020, due to a political dispute that was resolved with a signing of an agreement in December 2019.
Upstream
2021, December, 13, 12:25:00
U.S. RIGS UP 7 TO 576
U.S. Rig Count is up 7 from last week to 576, Canada Rig Count is down 3 from last week to 177.
Upstream
2021, December, 10, 15:00:00
OIL PRICE: NEAR $75 YET
Brent were up 0.2%, or 11 cents, at $74.53 a barrel, WTI were up 0.2%, or 11 cents, at $74.53 a barrel.
Upstream
2021, December, 10, 14:50:00
IRAQ OIL PRODUCTION UP TO 4.2 MBD
Iraq's OPEC+ quota rose to 4.193 million b/d last month, from 4.149 million b/d in October, as the coalition continued to raise production caps.
Upstream
2021, December, 10, 14:35:00
U.S. OIL INVENTORIES DOWN BY 0.2 MB TO 432.9 MB
U.S. commercial crude oil inventories decreased by 0.2 million barrels from the previous week to 432.9 million barrels.
Upstream
2021, December, 9, 12:25:00
OIL PRICE: ABOVE $75 ANEW
Brent rose 39 cents, or 0.5%, to $76.22 a barrel, WTI rose 48 cents, or 0.7%, to $72.84 a barrel.
Upstream
2021, December, 8, 16:25:00
OIL PRICE: BELOW $75
Brent were down 83 cents, or 1.1%, to $74.61 a barrel, WTI was at $71.07 a barrel, down 98 cents or 1.4%.
Upstream
2021, December, 8, 16:15:00
OPEC+ PRODUCTION +500 TBD
OPEC's 13 countries pumped 27.85 million b/d, up 300,000 b/d from October, while Russia and eight other partners produced 13.86 million b/d, up 200,000 b/d
Upstream
2021, December, 8, 16:10:00
OIL PRICES 2021-22: $71-$70
We expect Brent prices will average $71/b in December and $73/b in the first quarter of 2022 (1Q22). For 2022 as a whole, we expect that growth in production from OPEC+, of U.S. tight oil, and from other non-OPEC countries will outpace slowing growth in global oil consumption, especially in light of renewed concerns about COVID-19 variants. We expect Brent prices will remain near current levels in 2022, averaging $70/b.
Upstream
2021, December, 7, 18:05:00
OIL PRICE: NEAR $75
Brent were up $1.49, or 2%, at $74.57 a barrel, WTI was up $1.71, or 2.5%, at $71.20.
Upstream
2021, December, 6, 13:05:00
OIL PRICE: NOT BELOW $71 ANEW
Brent gained $1.77, or 2.5%, to $71.65 a barrel, WTI advanced $1.69, or 2.6%, to $67.95.
Upstream
2021, December, 6, 12:20:00
WORLDWIDE RIG COUNT UP 40 TO 1,544
The Worldwide Rig Count for October was 1,504, up 56 from the 1,448 counted in September 2021,and up 488 from the 1,016 counted in October 2020.
Upstream
2021, December, 6, 12:15:00
U.S. RIGS UP 0 TO 569
U.S. Rig Count is up 0 from last week to 569, Canada Rig Count is up 9 from last week to 180.
Upstream
2021, December, 3, 12:10:00
OIL PRICE: NOT BELOW $71
Brent rose $1.34 cents, or 1.9%, to $71.01 a barrel, WTI rose $1.38, or 2.1%, to $67.88 a barrel.