Energy News to 30 May 2022. OPEC daily basket price stood at $118.84/bl, 27 May 2022
Baker Hughes Rig Count: U.S. -1 to 727 Canada +15 at 103
| Oil and Gas Blends | Units | Oil Price $ | change |
| Crude Oil (WTI) | USD/bbl | $115.59 | Up |
| Crude Oil (Brent) | USD/bbl | $119.72 | Up |
| Bonny Light | USD/bbl | $121.39 | Up |
| Saharan Blend | USD/bbl | $121.53 | Up |
| Natural Gas | USD/MMBtu | $8.81 | Up |
| OPEC basket 27/05/22 | USD/bbl | $118.84 | Up |
| Region | Period | Rig Count | Change from Prior |
| U.S.A | 27 May 2022 | 727 | -1 |
| Canada | 27 May 2022 | 103 | +15 |
| International | April 2022 | 806 | — |
World leading nations in world oil production based on 2020 data from BP’s Statistical Review of World Energy 2021.
- United States: 16.476 million barrels per day
Thirty-two states contribute to America’s total output but most of it is drilled in Texas, which produces 41% of the nation’s oil. The US has been particularly forward-thinking when it comes to extracting oil and was the first nation to adopt methods that allow rigs to drill horizontally, which may account for its increasingly high yields.
Saudi Arabia: 11.039 million barrels per day
Russia: 10.667 million barrels per day
Canada: 5.135 million barrels per day
Iraq: 4.114 million barrels per day
China: 3.901 million barrels per day
United Arab Emirates: 3.657 million barrels per day
Iran: 3.084 million barrels per day
Brazil: 3.026 million barrels per day
Kuwait: 2.686 million barrels per day
Norway: 2.001 million barrels per day
Mexico: 1.91 million barrels per day
Kazakhstan: 1.811 million barrels per day
Qatar: 1.809 million barrels per day
Nigeria: 1.798 million barrels per day
Algeria: 1.332 million barrels per day
Angola: 1.324 million barrels a day
United Kingdom: 1.029 million barrels per day
Oman: 951,000 barrels per day
Colombia: 781,000 barrels per day
OilandGasPress Energy Newsbites and Analysis Roundup |Compiled by: OGP Staff, Segun Cole @oilandgaspress.
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