Oil
![Oil](/cache/08-20/rig-180.fe0363ea.jpg)
2020, August, 10, 10:55:00
U.S. RIGS DOWN 4 TO 247
U.S. Rig Count is down 4 from last week at 247, Canada Rig Count is up 2 rigs from last week to 47
![Oil](/cache/08-20/price-622.0639ccbf.jpg)
2020, August, 7, 13:55:00
OIL PRICE: NEAR $45 YET
Brent fell 31 cents, or 0.7%, to $44.78, WTI slipped 39 cents, or 0.9%, to $41.56.
![Oil](/cache/08-20/china-294.eb7e420a.jpg)
2020, August, 7, 13:35:00
CHINA OIL IMPORTS DOWN
China's crude oil imports fell 6.7% to 12.13 million b/d in July from a record high 12.99 million b/d in June
![Oil](/cache/08-20/iraq-79.64c3de4f.jpg)
![Oil](/cache/08-20/price-620.5bb58cb5.jpg)
2020, August, 6, 12:10:00
OIL PRICE: NEAR $45 ANEW
Brent fell 7 cents to $45.10 a barrel, WTI was down 25 cents at $41.94.
![Oil](/cache/08-20/india-144.f1106280.jpg)
2020, August, 6, 12:05:00
INDIA'S OIL DEMAND DOWN
The last time India witnessed negative growth in oil demand was in 2001 when consumption had fallen marginally from 2000 levels.
![Oil](/cache/08-20/bp-116.4b7a83d4.jpg)
2020, August, 6, 11:55:00
LOW CARBON BP STRATEGY
Over the same period, BP’s oil and gas production is expected to reduce by at least one million barrels of oil equivalent a day, or 40%, from 2019 levels.
![Oil](/cache/08-20/price-616.9490fb29.jpg)
2020, August, 5, 12:15:00
OIL PRICE: NEAR $45
Brent was up 44 cents, or 1%, at $44.87 a barrel, WTI rose 43 cents, or 1%, to $42.13 a barrel.
![Oil](/cache/08-20/usa-248.693d6cf9.jpg)
2020, August, 5, 12:10:00
U.S. OIL PRODUCTION DECREASING
Production of crude oil decreased in the United States in May 2020 by 1.99 million barrels per day (b/d)
![Oil](/cache/08-20/price-613.e7576d51.jpg)
2020, August, 4, 14:45:00
OIL PRICE: ABOVE $43 TOO
Brent were 72 cents, or 1.7%, lower at $43.43 a barrel, WTI were down 68 cents, or 1.7%, at $40.33 a barrel
![Oil](/cache/08-20/exxon-65.194ff769.jpg)
2020, August, 4, 14:10:00
EXXON LOSS $1 BLN
Exxon Mobil Corporation announced an estimated second quarter 2020 loss of $1.1 billion,
![Oil](/cache/08-20/bp-115.33c93084.jpg)
2020, August, 4, 14:05:00
BP LOSS $16.8 BLN
BP Reported loss for the quarter was $16.8 billion, compared with a profit of $1.8 billion for the same period a year earlier,
![Oil](/cache/08-20/price-609.c346df82.jpg)
2020, August, 3, 12:50:00
OIL PRICE: NEAR $43 TOO
Brent slid 40 cents, or 0.9%, to $43.12 a barrel, WTI was down 46 cents, or 1.1%, at $39.81.
![Oil](/cache/08-20/russia-39.1deb5b47.jpg)
2020, August, 3, 12:45:00
RUSSIA'S OIL PRODUCTION 9.37 MBD
Russia agreed to cut crude production over May to July by 2.5 million b/d from a baseline of 11 million b/d to 8.5 mil b/d under the OPEC+ agreement.
![Oil](/cache/08-20/chevron-43.293b6ce9.jpg)
2020, August, 3, 12:25:00
CHEVRON NET LOSS $ 8.3 BLN
Chevron Second quarter loss of $8.3 billion; adjusted loss of $3.0 billion