April's U.S. oil production will up 109 tbd, gas production will up 562 mcfd.

"It became evident that U.S. shale oil output has become and will remain a new global oil price regulator for the foreseeable future," Rosneft said.

Rising oil production in the US, which Russia's energy ministry forecasts to grow by 400,000 b/d year on year in 2017, is being monitored, but it should not be considered separate from the global supply and demand balance, he said.

U.S. employers hired workers at a robust pace in February, beating expectations, and wages grinded higher, which could give the Federal Reserve the green light to raise interest rates next week despite slowing economic growth.

US Census Bureau data showed US crude exports rising by 304,000 b/d to 746,000 b/d in January, which was followed by a report by the US Energy Information Administration showing US crude exports averaging 900,000 b/d in the four weeks ending February 24.

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 $48.5 billion in January, up $4.2 billion from $44.3 billion in December, revised. January exports were $192.1 billion, $1.1 billion more than December exports. January imports were $240.6 billion, $5.3 billion more than December imports.

Shell will sell to a subsidiary of Canadian Natural Resources Limited (“Canadian Natural”) its entire 60 percent interest in AOSP, its 100 percent interest in the Peace River Complex in-situ assets, including Carmon Creek, and a number of undeveloped oil sands leases in Alberta, Canada. The consideration to Shell from Canadian Natural is approximately $8.5 billion (C$11.1 billion), comprised of $5.4 billion in cash plus around 98 million Canadian Natural shares currently valued at $3.1 billion. Canadian Natural is one of Canada’s largest energy companies and a leader in the oil sands, with a market capitalisation of approximately $35 billion (C$46 billion). Separately and under the second agreement, Shell and Canadian Natural will jointly acquire and own equally Marathon Oil Canada Corporation (“MOCC”), which holds a 20 percent interest in AOSP, from an affiliate of Marathon Oil Corporation for $1.25 billion each, to be settled in cash. The combination of these transactions will result in a net consideration of $7.25 billion to Shell.

U.S. Rig Count is up 267 rigs from last year's count of 489, with oil rigs up 217, gas rigs up 49, and miscellaneous rigs up 1. Canadian Rig Count is up 206 rigs from last year's count of 129, with oil rigs up 147 and gas rigs up 59.

Real gross domestic product (GDP) increased at an annual rate of 1.9 percent in the fourth quarter of 2016. In the third quarter, real GDP increased 3.5 percent.

U.S. crude oil production increased for the second consecutive month in November 2016, the first time this has occurred since early 2015. Increased drilling activity in the Permian region, which spans Texas and New Mexico, as well as the start of a number of new projects in the Federal Offshore Gulf of Mexico (GOM), more than offset declining production from other regions in October and November 2016.

The United States is expected to become a net exporter of natural gas on an average annual basis by 2018. The transition to net exporter is driven by declining pipeline imports, growing pipeline exports, and increasing exports of liquefied natural gas (LNG). The United States is also projected to become a net exporter of total energy in the 2020s in large part because of increasing natural gas exports.

U.S. Rig Count is up 252 rigs from last year's count of 502, with oil rigs up 202, gas rigs up 49, and miscellaneous rigs up 1. Canadian Rig Count is up 166 rigs from last year's count of 175, with oil rigs up 123 and gas rigs up 43.

U.S. Rig Count is up 237 rigs from last year's count of 514, with oil rigs up 184, gas rigs up 52, and miscellaneous rigs up 1. Canadian Rig Count is up 125 rigs from last year's count of 206, with oil rigs up 85 and gas rigs up 40.

U.S. crude oil production increased for the second consecutive month in November 2016, the first consecutive monthly increase since April 2015.

U.S. oil production will up 80 tbd, gas production will up 524 mcfd.