Weekly oil supply/demand roundup - crude up ~$1.0 from last Friday's close
This week's DOE inventory update showed a 2.8mb draw in crude and oil products (NYSEARCA:USO); though "core products" like gasoline built, while non-core products like propane and "other oils" drew heavily (NYSE:VLO)
(NYSE:XOM)
(NYSE:CVX). 
OPEC's monthly report included official production statistics for December, and showed the Cartel performing a bit better than month-end surveys suggested, though falling further and further behind targets.

Saudi Arabia's energy minister was in the press indicating that the Kingdom would not produce above its assigned quota to make up for other members producing below quota.
Russia reported oil and condensate production was flat MoM in December; under the OPEC+ agreement Russia is scheduled to increase production by 100kb/d monthly for the next six months (OTCPK:RNFTF).
China publicly announced the purchase of ~60kb/d of Iranian crude oil for December, and although it's a poorly kept secret that China has been skirting Iranian sanctions for years, this release was the first public admission (NYSE:SNP).
A major oil pipe explosion in Turkey took ~450kb/d offline; however, the pipe was returned to service in less than 24h.
Over the weekend, UAE airport and oil infrastructure was attacked by Houthi rebels in Yemen, a slight pivot from the usual attacks on Saudi.
The EIA reported that drilled but uncompleted wells continued to fall, an indication that US e&ps will need to increase capex to sustain production going forward (NYSE:HAL)
(NYSE:SLB). 

Oil-directed rig count fell by 1 on the week (NASDAQ:BKR).
Norway reported oil production statistics for the month of December, with results coming in line with forecast and in line with November levels (NYSE:EQNR).
On the demand side, airlines reported earnings this week and indicated sequential demand weakness in Q1 on Omicron spread, though both United and American indicated bookings reflect some degree of pent-up demand.
Jet fuel margins in Europe hit a 3-year high, prompting European refiners to increase supply of the fuel (OTCPK:OMVKY)
(OTCQX:REPYY).