World Oil's Daily Brief

World Oil's Daily Brief


As the U.S. drilling decline continues, Canada's offshore industry puts Ottawa on the spot

July 12, 2020

In today's episode, World Oil Editor-in-Chief Kurt Abraham and Digital Editor Cameron Wallace review new drilling rig count numbers that look like they need to get a little worse before they get better; take a look at now Canada's offshore Newfoundland & Labrador trade association, Noia, is offering a textbook example of how to push for government support; review the latest OPEC+ compliance work, and what could add new risk to oil prices; and discuss how the Marcellus shale recovery could meet the same fate as the Bakken, thanks once again to issues with pipelines.