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  • Today EIA release their latest drilling productivity report with details of US production from oil and gas rigs. The updated Baker Hughes rig count data on Friday showed an increase in oil rigs to 601 after the unexpected fall the previous week but also showed a slight dip in gas rigs to 160.
  • Later this week will see the release of more China trade data amid concerns for their demand with their zero covid policy still in place. China oil product output data is expected on Wednesday morning and breakdown of their trade data including gas imports will be released on Thursday.

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  • Today EIA release their latest drilling productivity report with details of US production from oil and gas rigs. The updated Baker Hughes rig count data on Friday showed an increase in oil rigs to 601 after the unexpected fall the previous week but also showed a slight dip in gas rigs to 160.
  • Later this week will see the release of more China trade data amid concerns for their demand with their zero covid policy still in place. China oil product output data is expected on Wednesday morning and breakdown of their trade data including gas imports will be released on Thursday.