The North American market has continued to "grind slowly upwards" as the rig count, particularly in the US, ticks ahead from troughs seen six months ago, Martin Craighead said during a quarterly conference call with analysts. But "customers need to be more confident of the durability of those prices before making any significant change to their spending patterns," Craighead said.

U.S. crude oil production declined 8.9 percent from year ago levels. However, at an average of 8.6 million barrels per day, domestic crude oil production in September increased by 0.8 percent from August–the first month over month increase in six months. Compared with year to date 2015, domestic crude oil production declined 6.1 percent. Compared to third quarter of 2015, crude oil production decreased 8.5 percent for the third quarter of 2016. September crude oil production was the third highest level for the month and the second highest year to date level in 31 years, since 1985.

U.S. gross crude oil imports increased by 528,000 barrels per day (b/d), or 7%, during the first half of 2016 compared to the first half of 2015. This increase reverses a multiyear trend of decreasing U.S. crude oil imports as a result of increasing U.S. production.

U.S. Rig Count is down 234 rigs from last year's count of 787, with oil rigs down 151, gas rigs down 85, and miscellaneous rigs up 2. Canadian Rig Count is down 47 rigs from last year's count of 190, with oil rigs down 15, and gas rigs down 32.

Shell’s net debt has more than doubled to $75bn since its £35bn takeover of BG Group was completed in February.

USA oil production down 30 tbd, gas production down 178 mcfd.

USA Rig Count is down 248 rigs from last year's count of 787, with oil rigs down 163, gas rigs down 87, and miscellaneous rigs up 2. Canadian Rig Count is down 16 rigs from last year's count of 181, with oil rigs up 14, and gas rigs down 30.

U.S. Rig Count is down 271 rigs from last year's count of 795, with oil rigs down 177, gas rigs down 95, and miscellaneous rigs up 1. Canadian Rig Count is down 15 rigs from last year's count of 180, with oil rigs up 13, and gas rigs down 28.

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $40.7 billion in August, up $1.2 billion from $39.5 billion in July, revised. August exports were $187.9 billion, $1.5 billion more than July exports. August imports were $228.6 billion, $2.6 billion more than July imports.

The two bonds, valued at USD 2 billion each and issued in a financial operation that started early in September, will carry maturities of seven and close to 31 years. They pay yields of 4.62% and 6.75%, respectively, according to Pemex CFO Juan Pablo Newman. Now with greater maturity, Pemex’s repurchased debt, which was due to mature in 2018 and 2019, has reduced the risks of the company’s debt portfolio.

U.S. Rig Count is down 287 rigs from last year's count of 809, with oil rigs down 189, gas rigs down 99, and miscellaneous rigs up 1. Canadian Rig Count is down 17 rigs from last year's count of 179, with oil rigs up 14, and gas rigs down 31.

Petronas, Malaysia’s state-owned oil and gas group, has gained approval from the Canadian government for a controversial $27bn liquefied natural gas project — but said it would have to consider the environmental conditions attached before deciding to proceed.

An analysis by the U.S. Chamber of Commerce found that the natural gas revolution generated more than 4.3 million jobs and injected nearly half a trillion dollars into the economy. It also determined that all those jobs would have been lost had the so-called “Keep it in the Ground” movement succeeded in suffocating the oil revolution.

U.S. Rig Count is down 327 rigs from last year's count of 838, with oil rigs down 223, gas rigs down 105, and miscellaneous rigs up 1. Canadian Rig Count is down 38 rigs from last year's count of 176, with oil rigs up 11, gas rigs down 49, and miscellaneous rigs unchanged at 0.

U.S. Rig Count is down 336 rigs from last year's count of 842, with oil rigs down 228, gas rigs down 109, and miscellaneous rigs up 1. Canadian Rig Count is down 50 rigs from last year's count of 182, with oil rigs up 5, gas rigs down 56, and miscellaneous rigs up 1.