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Upstream

Upstream
2021, April, 2, 12:10:00
U.S. RIGS UP 13 TO 430
U.S. Rig Count is up 13 from last week at 430, Canada Rig Count is down 12 from last week to 69
Upstream
2021, April, 1, 12:50:00
OIL PRICE: ABOVE $63 AGAIN
Brent was up by 91 cents, or 1.5%, at $63.65 a barrel. WTI was up 99 cents, or 1.7%, at $60.15 a barrel.
Upstream
2021, April, 1, 12:45:00
FRAGILE OIL DEMAND
The positives offer hope, but we need to remember that the environment remains challenging, complex and uncertain, with the market volatility we have witnessed in the last two weeks of March a reminder of the fragility facing economies and oil demand.
Upstream
2021, April, 1, 12:40:00
RELIABILITY OF RUSSIAN GAS
However, Russian gas remains competitive for European buyers given its low-cost production base and long-term reliability.
Upstream
2021, April, 1, 12:05:00
U.S. OIL INVENTORIES DOWN 0.9 MB TO 501.8 MB
U.S. commercial crude oil inventories decreased by 0.9 million barrels to 501.8 million barrels.
Upstream
2021, March, 31, 11:55:00
OIL PRICE: ABOVE $64 ANEW
Brent rose 32 cents, or 0.5%, to $64.46 a barrel. WTI climbed 26 cents, or 0.4%, to $60.81 a barrel.
Upstream
2021, March, 31, 11:50:00
OPEC PROTECTS OIL PRICE
OPEC+ will discuss whether to revive part of the 1.2 million barrels a day of output it’s committed to returning to the market in installments this year. At the same time, the Saudis will review the status of an additional 1 million barrel-a-day cut they have been making since February to accelerate the process of clearing the lingering oil glut.
Upstream
2021, March, 30, 12:45:00
OIL PRICE: NEAR $65
Brent was down 21 cents, or 0.3%, at $65.19 a barrel. WTI was up 19 cents, or 0.3%, at $61.75 a barrel.
Upstream
2021, March, 30, 12:40:00
OIL NEEDS A SOLUTION
Faltering oil prices in recent days after a weeks-long surge to around $70/b have many analysts forecasting that the OPEC+ group of producers may largely roll over their quotas for at least another month.
Upstream
2021, March, 29, 13:35:00
OIL PRICE: ABOVE $64 YET
Brent was down 29 cents, or 0.5%, at $64.28 a barrel. WTI fell 55 cents, or 1%, to $60.42 a barrel.
Upstream
2021, March, 29, 12:40:00
U.S. RIGS UP 6 TO 417
U.S. Rig Count is up 6 from last week at 417, Canada Rig Count is down 11 from last week to 81
Upstream
2021, March, 26, 12:30:00
OIL PRICE: ABOVE $63 ANEW
Brent was higher by 54 cents, or 0.9%, at $62.49 a barrel. WTI was up 65 cents, or 1.1%, at $59.21 a barrel.
Upstream
2021, March, 25, 12:25:00
OIL PRICE: ABOVE $63
Brent slid 77 cents, or 1.2%, to $63.64 a barrel. WTI dropped by 87 cents, or 1.4%, to $60.31 a barrel.
Upstream
2021, March, 25, 12:05:00
U.S. OIL INVENTORIES UP 1.9 MB TO 502.7 MB
U.S. commercial crude oil inventories increased by 1.9 million barrels to 502.7 million barrels.
Upstream
2021, March, 24, 10:40:00
OIL PRICE: NEAR $61
Brent rose 8 cents, or 0.1%, to $60.87 a barrel. WTI rose 8 cents, or 0.1%, to $60.87 a barrel.