The reported net profit after tax of US$354 million includes net gains on asset sales and is significantly higher than the corresponding period mainly due to impairments included in the previous half-year result.

U.S. Rig Count is up 3 from last week to 503, Canada Rig Count is down 8 from last week to 156.

Brent dropped 9 cents, or 0.1%, to $70.96 a barrel, WTI fell 19 cents, or 0.3%, to $67.35.

Nigeria has been seeking to pass the bill since 2008 but failed to do it in three occasions: 2009, 2012 and 2018.

Brent fell by $2.43, or 3.5%, to $68.27 a barrel, WTI fell by $2.43, or 3.5%, to $68.27 a barrel.

The 19 countries with quotas under the OPEC+ deal produced 35.99 million b/d in July, despite having a collective ceiling of 36.34 million b/d.

The Worldwide Rig Count for July was 1,380, up 55 from the 1,325 counted in June 2021,

U.S. Rig Count is up 3 from last week to 491, Canada Rig Count is up 3 from last week to 156.

Brent rwere up 47 cents at $71.76 a barrel, WTI rose 45 cents to $69.54 a barrel.

Brent rose by 50 cents, or 0.71%, to $70.88 a barrel, WTI rose 66 cents, or 1%, to $68.81.

India’s refining capacity stood at 251 Mt/year at the end of 2020. India is the fourth largest producer of oil products in the world, with an output of 232 Mt in 2020 (-11% compared to 2019). The country is a net exporter of oil products (12.5 Mt in 2020).

U.S. commercial crude oil inventories increased by 3.6 million barrels from the previous week to 439.2 million barrels.

Brent were up 33 cents, or 0.5%, to $72.74 a barrel, WTI rose 16 cents, or 0.2%, to $70.72 a barrel.

US imports of crude and oil products from Russia hit an all-time high of 844,000 b/d in May, making it the No. 2 supplier,

Pro-forma market capitalisation of A$21 billion which would position the merged entity in the top-20 ASX-listed companies and the 20 largest global oil and gas companies