The Sinopec award comes on the heels of an agreement between Iraq and Total to jointly work on developing four associated gas and solar power projects.

Preliminary production figures for March 2021 show an average daily production of 2 094 000 barrels of oil, NGL and condensate.

Brent was up 64 cents, or 1%, at $67.69 a barrel. WTI gained 60 cents, or 1%, to $63.98.

The kingdom exported 5.63 million b/d in February, according to JODI data released April 19, down 957,000 b/d from January.

Brent was down 2 cents at $66.75 a barrel. WTI was up 1 cent at $63.14 a barrel.

Russian oil imports as a share of US total oil imports hit a record high of 8% in January 2021, according to data from the US Energy Information Administration, up from 4% during 2018.

U.S. Rig Count is up 7 from last week at 439, Canada Rig Count is down 2 from last week to 56

Brent rose 28 cents, or 0.4%, to $67.22 a barrel. WTI added 20 cents, or 0.3%, to $63.66.

Средняя цена на нефть Urals за период мониторинга с 15 марта 2021 года по 14 апреля 2021 года составила $ 61,89595 за баррель, или $ 451,8 за тонну.

Brent was up by 16 cents at $66.74 a barrel. WTI rose 12 cents to $63.27 a barrel.

Russia outlined protection of its market share in the international market as one of its main goals for 2021.

U.S. commercial crude oil inventories decreased by 5.9 million barrels to 492.4 million barrels.

Brent rose 85 cents, or 1.3%, to $64.52 a barrel. WTI added 82 cents, or 1.4%, to $61 a barrel.

In 2021, world oil demand growth is expected to increase by about 6.0 mb/d y-o-y, representing an upward revision of about 0.1 mb/d from last month’s report.

Higher prices are buoying drillers’ confidence. Benchmark Nymex oil gained nearly 35% in the past four months after OPEC and its alliance cut production to strike a balance between demand and supply. The fossil fuel is also getting a bump as Covid-19 vaccinations progress and Americans travel again, boosting gasoline consumption.