Rig Count, Oil Prices,Energy Newstrack to 09/04/2021

US oil, gas rig count Up 2 to 432, Oil closes lower fluctuating between gains and losses

US Energy Information Administration (EIA) forecast sees declining crude oil prices and a more balanced oil market, which reflects global supply surpassing demand during the second half of 2021.

Commodity PricesUnitsPrice $Change
Crude Oil (WTI)USD/bbl59.23Up
Crude Oil (Brent)USD/bbl62.91Up
Bonny LightUSD/bbl61.27Down
Natural GasUSD/MMBtu2.53Up
OPEC basket 08/04/21USD/bbl61.22Down
At press time 09 April, 2021

Total’s $5-Billion Uganda Project Set For Imminent Go-Ahead The final investment decision on a US$5.1-billion project involving French oil giant Total in Uganda is expected to be announced as soon as on Sunday, Bloomberg quoted Uganda National Oil Company as saying late on Thursday.

Aramco participates in launch of Altamayyuz Finance and Accounting Excellence Academy The academy is the result of a strategic alliance that will provide an exclusive financial and accounting development framework derived from world-class programs and partnerships with leading business schools and companies. It aims to build the capabilities of top finance and accounting graduates in Saudi Arabia, helping to power the growth of financial services in the region and form a highly-skilled talent pool for private and public employers.

Baker Hughes Rig Count to 9th April 2021

RegionPeriodNo. of RigsChange
U.S.A9th April 2021432+2
Canada9th April 202158-11
InternationalMarch 2021715+14

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