Top Oil News Brief/Roundup As Reported to 9th September 2016…..
The price of OPEC basket of fourteen crudes stood at $44.61 a barrel on Thursday, compared with $43.18 the previous day, according to OPEC Secretariat calculations.
Baker Hughes Incorporated (NYSE:BHI) announced that the international rig count for August 2016 was 937 down 1 from the 938 counted in July 2016, and down 200 from the 1,137 counted in August 2015. The international offshore rig count for August 2016 was 228, up 2 from the 226 counted in July 2016, and down 42 from the 270 counted in August 2015.
The average U.S. rig count for August 2016 was 481, up 32 from the 449 counted in July 2016, and down 402 from the 883 counted in August 2015. The average Canadian rig count for August 2016 was 129, up 35 from the 94 counted in July 2016, and down 77 from the 206 counted in August 2015.
The worldwide rig count for August 2016 was 1,547, up 66 from the 1,481 counted in July 2016, and down 679 from the 2,226 counted in August 2015.
More: August 2016 Rig Counts
Also In The News This Month:
Aramco, Japan to expand Okinawa crude storage by 2 million barrels
Saudi Arabia, Japan ink 7 MoUs
Cyprus, Egypt sign gas export pipeline deal
Saudi Arabia says it won’t flood oil market ahead of Opec talks
Russia’s Latest Army Attack Vehicle Can Shoot, Drive Via Remote Control
Uber’s 2016 Losses More Than $1.2B, Moving Seven-Year Loss To $4B
G20 Summit: Shell pumps $50 billion in illicit financial outflows annually out of Africa – Obasanjo
Poor oil revenue, governance and development
Fitch downgrades Nigeria’s Seven Energy to ‘CC’
Equatorial Guinea Faces Bleak GDP Prospects As Crude Price Bites
Nigerian Army Destroys 74 Illegal Oil Refineries In Niger Delta
Pemex budget slashing to continue as minister signals austerity
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