UPDATE: Baker Hughes Total U.S. Rig Count 420 vs 431 Prior Apr 29, 2016 01:06PM (Updated - April 29, 2016 1:06 PM EDT)

Baker Hughes total U.S. Rig count declined to 420 vs 431 Prior. Oil rigs declined by 11, and gas rigs declined by 1. Miscellaneous increased by 1.


OPEC oil output near record high in April as Iran, Iraq growth offsets outages: Reuters survey Apr 29, 2016 09:23AM

By Alex Lawler

LONDON (Reuters) - OPEC's oil output rose in April to close to the highest level in recent history, a Reuters survey found on Friday, as production increases led by Iran and Iraq more than offset a strike in Kuwait and other outages.

Top exporter Saudi Arabia, however, made no major change to output, the survey found, despite the kingdom hinting it could boost supply after OPEC and non-member nations failed to agree to freeze... (continue reading...)


Oil ends steady near $50; best monthly gain in Brent in seven years Apr 28, 2016 09:20PM

By Barani Krishnan

NEW YORK (Reuters) - Oil prices ended steady on Friday after hitting 2016 highs but finished April trading about 20 percent higher, with Brent crude having its best monthly gain in seven years.

A weaker dollar and optimism that a global oil glut will ease have lifted crude futures by more than $20 a barrel since they plumbed 12-year lows below $30 in the first quarter.

Brent futures settled just a penny lower... (continue reading...)


Exclusive: China securities regulator confirms order to curb futures speculation Apr 28, 2016 12:11PM

By Xiaowen Bi

HONG KONG (Reuters) - China's securities regulator on Friday urged commodity futures exchanges to curb excessive speculation following a surge in prices that has sparked fears markets were heading for a dangerous boom-and-bust cycle.

The China Securities Regulatory Commission (CSRC) said it would not allow the futures market to become a "hot-bed" for speculators.

The CSRC comments confirmed a Reuters story earlier... (continue reading...)


UPDATE: Natural Gas Inventory +73 bcf vs +69 bcf Expected Apr 28, 2016 10:31AM (Updated - April 28, 2016 10:31 AM EDT)
  • Natural Gas Inventory +73 bcf vs +69 bcf Expected

Working gas in storage was 2,557 Bcf as of Friday, April 22, 2016, according to EIA estimates. This represents a net increase of 73 Bcf from the previous week. Stocks were 870 Bcf higher than last year at this time and 832 Bcf above the five-year average of 1,725 Bcf. At 2,557 Bcf, total working gas is above the five-year historical range.

Stocksbillion cubic feet (Bcf) Year... (continue reading...)

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