Aramco lowered its guidance for capital expenditure in 2021 to around $35 billion from a range of $40 billion to $45 billion previously

U.S. Rig Count is up 9 from last week at 411, Canada Rig Count is down 24 from last week to 92

Brent was up $1.01, or 1.6%, to $64.29 a barrel. WTI rose $1.02, or 1.7%, to $61.02 a barrel.

U.S. commercial crude oil inventories increased by 2.4 million barrels to 500.8 million barrels.

US crude imports by India stood at 12.69 million mt in 2020, up nearly 29% from a year earlier, helping the country move up to fifth position from sixth in 2019,

Saudi Arabia exported 6.582 million b/d in January, according to JODI data released March 18, an increase of 87,000 b/d from December. It was the seventh straight month that shipments have risen since a historic low of 4.98 million b/d in June when stringent OPEC+ production cuts were in effect.

Preliminary production figures for January 2021 show an average daily production of 2 137 000 barrels of oil, NGL and condensate.

Brent was down 74 cents, or 1.1%, at $67.26 a barrel. WTI was also down 65 cents, or 1%, at $63.95 a barrel.

Iraq's oil minister and a Total delegation also discussed potential development of solar power projects in the country's central and southern provinces. The two sides also discussed Total's potential support and financing of oil infrastructure projects.

Brent fell 66 cents, or 1%, to $67.73 a barrel. WTI dropped 42 cents, or 0.7%, to $64.38.

Though Russia suffered a relatively modest recession amid the pandemic last year, the recovery is expected to be sluggish and a jolt of state spending could help accelerate it. Russia has invested billions from the fund in the past in projects linked to big state companies.

Brent was down 69 cents, or 1%, at $68.19. WTI was down 69 cents, or 1.1%, at $64.70 a barrel.

Средняя цена на нефть Urals за период мониторинга с 15 февраля 2021 года по 14 марта 2021 года составила $64,34825 за баррель, или $469,7 за тонну.

Brent gained 47 cents, or 0.7%, to $69.69 a barrel. WTI was at $66.10 a barrel, up 49 cents, or 0.8%.

With non-OPEC supply forecast to bounce back by 950,000 b/d in 2021 to 63.8 million b/d, OPEC lowered the estimated demand for its crude by 240,000 b/d to 27.26 million b/d.