U.S. Rig Count is up 7 from last week at 439, Canada Rig Count is down 2 from last week to 56

On March 18, US Secretary of State Antony Blinken issued a warning to entities involved in the Nord Stream 2 project that they risk "US sanctions and should immediately abandon work on the pipeline."

U.S. industrial production increased 1.4 percent in Murch.

U.S. commercial crude oil inventories decreased by 5.9 million barrels to 492.4 million barrels.

Higher prices are buoying drillers’ confidence. Benchmark Nymex oil gained nearly 35% in the past four months after OPEC and its alliance cut production to strike a balance between demand and supply. The fossil fuel is also getting a bump as Covid-19 vaccinations progress and Americans travel again, boosting gasoline consumption.

President Biden recently introduced a massive infrastructure bill designed to reshape the U.S. economy while addressing infrastructure reform. Biden’s stated goal is to achieve 100 percent carbon-free power by 2035.

Those actions, along with Congress passing support for the US uranium reserve, are "really reinvigorating" the entire US fuel supply chain and could allow the country to be a leading global supplier of advanced fuels,

The hydrogen design can be used for grid-scale blending with natural gas pipelines, blending existing or new power-generating facilities and energy-storage injection into salt caverns and above-ground storage tanks

Removing this specific tax measure could generate US$13bn over 10 years. Overall, eliminating fossil fuel subsidies could increase government receipts by US$35bn over 10 years.

President Biden’s American Jobs Plan proposes pumping $2.3 trillion into a slew of sectors over the next eight years.