Wednesday, April 18, 2018 - Growth in Canadian crude oil production has outpaced expansions in pipeline takeaway capacity, driving Canadian crude oil prices lower and increasing Canadian crude oil exports by rail to the United States. However, the outlook for increased volumes of Canadian crude oil by rail to the United States is highly uncertain despite increased U.S. demand for Canadian crude oil, specifically on the U.S. Gulf Coast.

Wednesday, April 11, 2018 - EIA estimates that U.S. crude oil production averaged 10.4 million barrels per day in March, up 260,000 b/d from the February level. EIA projects that U.S. crude oil production will average 10.7 million b/d in 2018, which would mark the highest annual average U.S. crude oil production level.

Monday, April 09, 2018 - Iran holds the world's fourth-largest proved crude oil reserves and the world's second-largest natural gas reserves. Since the lifting of sanctions that targeted Iran's oil sector, oil production has reached more than 3.8 million barrels per day in 2017.

Friday, April 06, 2018 - Baker Hughes international offshore rig count for March 2018 was 185, down 9 from 194 counted in February 2018, and down 12 from 197 in March 2017. The U.S. offshore rig count was 13, down 4 from 17 counted in February 2018, and down 6 from 19 in March 2017.

Thursday, April 05, 2018 -The Colorado State University Department of Atmospheric Science anticipates that the 2018 Atlantic basin hurricane season will have slightly above-average activity, with a slightly above-average probability for major hurricanes making landfall along the continental U.S. coastline.

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