Oil
![Oil](/cache/01-21/price-980.ec2dcaaf.jpg)
2021, January, 8, 15:50:00
OIL PRICE: NEAR $55
Brent climbed 83 cents, or 1.5%, to $55.21 a barrel. WTI gained 66 cents, or 1.3%, to $51.49.
![Oil](/cache/01-21/usa-363.96be89c8.jpg)
2021, January, 8, 15:30:00
U.S. OIL INVENTORIES DOWN 8.0 MB TO 485.5 MB
U.S. commercial crude oil inventories decreased by 8.0 million barrels to 485.5 million barrels.
![Oil](/cache/01-21/iraq-91.3705ee1d.jpg)
2021, January, 8, 15:25:00
IRAQ OIL PRODUCTION UP 4.7%
Iraq had a 3.804 million b/d quota for December under the OPEC+ deal.
![Oil](/cache/01-21/rig-207.f4a6b64e.jpg)
2021, January, 8, 15:00:00
WORLDWIDE RIG COUNT UP 30 TO 1,104
The Worldwide Rig Count for November was 1,074, up 58 from the 1,016 counted in October 2020
![Oil](/cache/01-21/price-975.98131eb8.jpg)
2021, January, 6, 14:10:00
OIL PRICE: NEAR $54
Brent rose as much as 0.9% to $54.09 a barrel. WTI climbed as much as 0.6% to $50.24 a barrel.
![Oil](/cache/01-21/russia-470.77022ea1.jpg)
2021, January, 6, 14:05:00
RUSSIA OIL PRODUCTION 10 MBD
Russia produced 42.46 million mt of crude and condensate in December, equivalent to around 10.04 million b/d,
![Oil](/cache/01-21/price-972.124a228e.jpg)
2021, January, 6, 14:00:00
SAUDI ARABIA CUT PRODUCTION
Saudi Arabia will hold its February and March crude production to 8.125 million b/d -- well below its quota of 9.119 million b/d
![Oil](/cache/01-21/china-368.7fea5dd5.jpg)
2021, January, 6, 13:35:00
CHINA OIL IMPORTS UP ANEW
Crude and bitumen blend import for China's independent refineries jumped 42.2% on the year to a record high of 188.11 million mt in 2020
![Oil](/cache/01-21/rig-206.a05ee6d2.jpg)
2021, January, 6, 13:15:00
U.S. RIGS UP 3 TO 351
U.S. Rig Count is up 3 from last week to 351, Canada Rig Count is down 23 from last week to 59.
![Oil](/cache/12-20/price-970.59df3ffa.jpg)
2020, December, 30, 11:10:00
OIL PRICE: ABOVE $51 YET
Brent rose 19 cents, or 0.4%, to $51.28 a barrel. WTI rose 29 cents, or 0.6%, to $48.29.
![Oil](/cache/12-20/price-966.c1ff32e9.jpg)
2020, December, 29, 11:55:00
OIL PRICE: NEAR $51 YET
Brent climbed 23 cents, or 0.5%, to $51.09 a barrel. WTI added 23 cents, or 0.5%, to $47.85 a barrel.
![Oil](/cache/12-20/price-964.d219d488.jpg)
2020, December, 28, 11:00:00
OIL PRICE: NEAR $51 AGAIN
Brent were down 25 cents, or 0.5%, to $51.04 a barrel. WTI slipped 19 cents, or 0.4%, to $48.04 a barrel.
![Oil](/cache/12-20/saudi-183.bb82d3ec.jpg)
2020, December, 28, 10:55:00
THE NEW SAUDI'S OIL, GAS
State-run oil giant Saudi Aramco is working to determine the exact size and resource volume of the new finds,
![Oil](/cache/12-20/price-962.31c60f0e.jpg)
2020, December, 25, 10:45:00
OIL PRICE: ABOVE $51
Brent settled 9 cents higher at $51.29. WTI settled up 11 cents to $48.23 a barrel.
![Oil](/cache/12-20/price-959.062e6a32.jpg)
2020, December, 25, 10:40:00
OPEC+ RISSIA OIL PRICE: $45 - $55
In comments, cleared for publication on Friday, Novak also said that Moscow views an oil price between $45 and $55 per barrel as the optimum level to allow for recovery of its oil production,