As Reported Energy Price, News 23/03/26: OPEC $142.86/bbl, Bonny Light $124.65/bbl,

23 Mar As Reported Energy Price, News 23/03/26: OPEC $142.86/bbl, Bonny Light $124.65/bbl,

(Oilandgaspress) The International Energy Agency today set out a range of demand-side actions that governments, businesses and households can take to alleviate the economic impacts on consumers of the disruptions to oil markets stemming from the war in the Middle East. A new IEA report identifies ten measures that can be implemented quickly by governments, businesses and households. These actions focus primarily on road transport, which accounts for around 45% of global oil demand, but also cover aviation, cooking and industry. Widespread adoption, where possible, would amplify their global impact and help cushion the shock. These are based on the IEA’s longstanding expertise on energy security and on specific country examples. .Related Report

India-flagged carriers loaded with liquefied petroleum gas (LPG) were passing through the Strait of Hormuz on Monday close to the Iranian coastline, in a sign that Iran is allowing some Indian vessels to transit the world’s most vital chokepoint for energy flows Gas carriers Jag Vasant and the Pine Gas on Monday traveled from the UAE’s coast to the Iranian islands of Qeshm and Larak, which sit on the northern section of the Strait of Hormuz, according to vessel-tracking data compiled by Bloomberg. Related News

Baker Hughes Rig Count: International +33 to 1,112,U.S. -1 to 552 Canada -20 to 177
U.S. Rig Count is down 1 from last week to 552 with oil rigs up 2 to 414, gas rigs down 2 to 131 and miscellaneous rigs down 1 to 7.
Canada Rig Count is down 20 from last week to 177 with oil rigs down 17 to 114, gas rigs down 2 to 63 and miscellaneous rigs down 1 to 0.
International Rig Count is up 33 from last month to 1,112 with land rigs up 25 to 873, offshore up 8 to 239.

International Rig Count is up 15 rigs from last year’s count of 1,097, with land rigs up 22 offshore rigs down 7.

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