Crude oil, Gas prices today
London, August 13, 2024, (Oilandgaspress) –– The Organization of the Petroleum Exporting Countries has reduced its forecast for global oil demand growth this year, citing weakness in China, the world’s largest crude importer.
OPEC said, in a monthly report, that world oil demand will rise by 2.11 million barrels per day in 2024, down from growth of 2.25 million bpd expected last month.
Natural gas prices in Europe have been at their highest level since December 2023 due to concerns about supplies through Russian pipelines, which is driving up maritime imports, according to Bloomberg.
| Oil and Gas Blends | Units | Oil Price US$/bbl | Change |
| Crude Oil (WTI) | USD/bbl | $79.66 | Up |
| Crude Oil (Brent) | USD/bbl | $81.87 | Up |
| Bonny Light 09/08/24 | USD/bbl | $82.80 | — |
| Dubai | USD/bbl | $77.39 | Down |
| Natural Gas | USD/MMBtu | $2.18 | Down |
| Murban Crude | USD/bbl | $80.50 | Up |
| OPEC basket 12/08/24 | USD/bbl | $79.80 | Up |
Baker Hughes Rig Count: U.S. +2 to 588 Canada -2 to 217
U.S. Rig Count is up 2 from last week to 588 with oil rigs up 3 to 485, gas rigs down 1 to 97 and miscellaneous rigs unchanged at 6.
Canada Rig Count is down 2 from last week to 217, with oil rigs down 3 to 147, gas rigs unchanged at 69 and miscellaneous rig up 1.
International Rig Count is down 23 rigs to 934
The Worldwide Rig Count for July was 1,713, up 7 from the 1,707 counted in June 2024, and down 106, from the 1,819 counted in July 2023.
| Region | Period | Rig Count | Change |
| U.S.A | 09 August 2024 | 588 | +2 |
| Canada | 09 August 2024 | 217 | -2 |
| International | July 2024 | 934. | -23 |
