Oil
![Oil](/cache/05-21/usa-378.1272c27a.jpg)
2021, May, 18, 13:00:00
U.S. PRODUCTION: OIL +26 TBD, GAS (-53) MCFD
Crude oil production from the major US onshore regions is forecast to increase 26,000 b/d month-over-month in June 2021 from 7,707 to 7,733 thousand barrels/day, gas production to decrease 53 million cubic feet/day from 83,624 to 83,571 million cubic feet/day .
![Oil](/cache/05-21/lukoil-64.b7665d59.jpg)
2021, May, 18, 12:55:00
LUKOIL PRODUCTION 2.1 MBD
In the first quarter of 2021 LUKOIL Group's average hydrocarbon production excluding the West Qurna-2 project was 2,152 thousand boe per day, which is 4.2% higher quarter-on-quarter.
![Oil](/cache/05-21/price-335.cd0aeec3.jpg)
2021, May, 17, 11:50:00
OIL PRICE: NOT BELOW $68
Brent fell 21 cents, or 0.3%, to $68.50 a barrel. WTI eased 9 cents, or 0.1%, to $65.28.
![Oil](/cache/05-21/rig-223.7a7d5db2.jpg)
2021, May, 17, 11:15:00
U.S. RIGS UP 5 TO 453
U.S. Rig Count is up 5 from last week to 453, Canada Rig Count is up 4 from last week to 59.
![Oil](/cache/05-21/price-310.049440cc.jpg)
2021, May, 13, 18:00:00
OIL PRICE: NOT ABOVE $68
Brent was down $1.75, or 2.5%, at $67.57 a barrel. WTI was down $1.80, or 2.7%, to $64.28 a barrel.
![Oil](/cache/05-21/oil-84.9e87e234.jpg)
2021, May, 13, 17:55:00
GLOBAL OIL DEMAND WILL UP BY 6.0 MBD TO 96.5 MBD
For 2021, world oil demand is expected to increase by 6.0 mb/d, unchanged from last month’s estimate, to average 96.5 mb/d.
![Oil](/cache/05-21/oil-89.0c0d7f7b.jpg)
2021, May, 13, 17:50:00
U.S. OIL INVENTORIES DOWN 0.4 MB TO 484.7 MB
U.S. commercial crude oil inventories decreased by 0.4 million barrels from the previous week to 484.7 million barrels,
![Oil](/cache/05-21/price-252.01d5b9d0.jpg)
2021, May, 12, 13:05:00
OIL PRICE: NEAR $69
Brent climbed 18 cents, or 0.3% to $68.73 a barrel. WTI rose 20 cents, or 0.3%, to $65.48.
![Oil](/cache/05-21/price-229.cb32d0cd.jpg)
2021, May, 12, 13:00:00
OIL PRICES 2021-22: $65-61
EIA forecasts that Brent prices will average $65/b in the second quarter of 2021, $61/b during the second half of 2021, and $61/b in 2022.
![Oil](/cache/05-21/oil-84.9e87e234.jpg)
2021, May, 12, 12:55:00
OIL DEMAND WILL UP BY 6.5 MBD
"Under the current OPEC+ production scenario, supplies won't rise fast enough to keep pace with the expected demand recovery," the IEA said. "The widening supply and demand gap paves the way for a further easing of OPEC+ supply cuts or even sharper stock draws."
![Oil](/cache/05-21/libya-46.3481db48.jpg)
2021, May, 12, 12:50:00
LIBYA'S OIL PRODUCTION 1.168 MBD
Libya pumped 1.12 million b/d in April, a fall of 70,000 b/d from March.
![Oil](/cache/05-21/rig-222.add45951.jpg)
2021, May, 12, 12:20:00
U.S. RIGS UP 8 TO 448
U.S. Rig Count is up 8 from last week to 448, Canada Rig Count is up 4 from last week to 55,
![Oil](/cache/05-21/price-334.94fc69ce.jpg)
2021, May, 7, 15:00:00
OIL PRICE: NEAR $68
Brent fwere up 1 cent at $68.12 a barrel. WTI eased by 2 cents to $64.69.
![Oil](/cache/05-21/price-328.ed8d3c7d.jpg)
2021, May, 7, 14:55:00
OPEC+ OVERPRODUCTION 3.3 MBD
Russia, the largest non-OPEC partner in the alliance, has increasingly flouted its cap over the last several months, with its excess production soaring to 877,000 b/d.
![Oil](/cache/05-21/gas-215.dc990b30.jpg)
2021, May, 7, 14:50:00
REDUCING METHANE FOR CLIMATE
Methane is significantly more polluting than carbon dioxide, with estimates suggesting it is 84 times more potent than CO2 over a 20-year timeframe.