Shell job reductions of 7,000 to 9,000 are expected (including around 1,500 people who have agreed to take voluntary redundancy this year) by the end of 2022.

The production figures for oil in August include this cut of 134 000 barrels per day in the second half of 2020.

U.S. Rig Count is up 6 from last week to 261, Canada Rig Count is up 7 from last week to 71

Several oil majors are charting a faster shift to cleaner energy.

the U.S. total drilling for the year will definitely be the lowest since before 1940.

U.S. Rig Count is up 1 from last week to 255, Canada Rig Count is up 12 from last week to 64

Crude oil production from the major US onshore regions is forecast to decrease 68,000 b/d month-over-month in September from 7,708 to 7,640 thousand barrels/day, gas production to decrease 428 million cubic feet/day from 81,026 to 80,598 million cubic feet/day .

In 2019, 80% of U.S. domestic energy production was from fossil fuels, and 80% of domestic energy consumption originated from fossil fuels.

ADNOC launched this placement due to significant investor demand for ADNOC Distribution stock and has delivered the largest block placement of a publicly listed GCC company to date.

Shell’s new cost-cutting review, known internally as Project Reshape and expected to be completed this year, will affect its three main divisions and any savings will come on top of a $4 billion target set in the wake of the COVID-19 crisis.

As per the revised investment program for 2020, the overall amount of investments will stand at RUB 922.489 billion, which is RUB 182.235 billion less than was envisaged in the investment program approved in December 2019.

U.S. Rig Count is down 2 from last week to 254, Canada Rig Count is unchanged from last week at 52

EIA forecasts that consumption of petroleum and liquid fuels globally will average 93.1 million b/d for all of 2020, down 8.3 million b/d from 2019, before increasing by 6.5 million b/d in 2021.

The worldwide rig count for August 2020 was 1,050, up 20 from the 1,030 counted in July 2020

U.S. Rig Count is up 2 from last week to 256, Canada Rig Count is down 2 rigs from last week to 52