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Transocean, the world’s largest offshore drilling contractor and leading provider of drilling management services reported better than expected third quarter results Monday delivering a profit, rather than an expected loss.

EIA reported crude oil storage build of 1263k bbls and another build in gasoline of 513k bbls last week. Cushing inventories had a large draw with production remaining at 11.9 mbpd ATH. 

The EIA reported a draw of - 78 Bcf in natural gas storage last week, less than expected as temperatures continued to rise from the depths of the extreme polar vortex cold. Ahead we focus on LNG and Mexican exports.

Russia’s energy giant Gazprom will begin gas supplies to China a month ahead of schedule from Dec. 1, 2019 the company said on Friday.

U.S. oil rigs in service rose another 3 this week as U.S.oil production held at the all time high 11.90 million bpd. US Natural gas rigs fell 1 Oil rigs fell 6 in Canada and Canadian natural gas rigs fell 10 with the freezing  weather. 

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