Shell oil production is expected to be between 2,275 and 2,350 thousand barrels of oil equivalent per day,

Reliance Industries Limited (RIL) and BP announced the start of production from the R Cluster, ultra-deep-water gas field in block KG D6 off the east coast of India.

U.S. Rig Count is up 8 from last week to 346 , Canada Rig Count is down 9 from last week to 102

Brent fell 26 cents, or 0.5%, to $51.24 a barrel. WTI slipped 17 cents or 0.4%, to $48.19 a barrel .

At the coalition's last meeting Dec. 3, OPEC+ members agreed to raise collective output by about 500,000 b/d from January and to convene monthly to determine subsequent levels.

Many oil companies that were hit hard in 2015 from the sudden drop in oil prices to levels not seen in years at the time, were able to hold on initially.

Brent rose 72 cents, or 1.4%, to $51.80 a barrel. WTI rose by 71 cents, or 1.5%, to $48.53 a barrel.

Total OECD indigenous production of crude oil, NGL and refinery feedstocks decreased by 7.3% in September 2020 compared to September 2019.

Total OECD indigenous production of natural gas decreased by 3.5% in September 2020 compared to September 2019

U.S. commercial crude oil inventories decreased by 3.1 million barrels to 500.1 million barrels.

Brent fell 15 cents, or 0.3%, to $50.61 a barrel. WTI fell 13 cents, or 0.3%, to $47.49 a barrel.

Средняя цена на нефть Urals за период мониторинга с 15 ноября по 14 декабря 2020 года составила $47,0469 за баррель, или $343,4 за тонну.

Brent fell 2 cents to $50.27 a barrel . WTI was up 2 cents at $47.01.

World oil demand for 2020 is expected to decline by 9.77 mb/d,

Crude oil production from the major US onshore regions is forecast to decrease 137,000 b/d month-over-month in December from 7,575 to 7,438 thousand barrels/day, gas production to decrease 744 million cubic feet/day from 81,521 to 80,777 million cubic feet/day .