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.

Several microreactor designs are currently under development in the United States that will be smaller in size, more flexible to operate and versatile enough to provide energy to end users for a variety of services ranging from electricity production to water purification.

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.

Iran has insisted that the US drop all the sanctions it unilaterally imposed after withdrawing from the deal in 2018, while US officials have maintained that Iranian nuclear violations of the agreement must be rectified first.

TAE Technologies, the California, USA-based fusion energy technology company, has announced that its proprietary beam-driven field-reversed configuration (FRC) plasma generator has produced stable plasma at over 50 million degrees Celsius.

The answer lies, at least in part, in focusing on grid modernization, including the expansion of transmission capacity, increased use of energy storage systems, microgrids and digital solutions, and the adoption of a more coordinated national policy to make this possible.

U.S. Rig Count is up 2 from last week at 432, Canada Rig Count is down 11 from last week to 58

The new group, Sustainable Energy Group (SEG), will combine Energy & Resources (E&R) and Power & Renewables (P&R) groups and have about $18 billion in assets.

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $71.1 billion in February, up $3.3 billion from $67.8 billion in January, revised.

U.S. commercial crude oil inventories decreased by 3.5 million barrels to 498.3 million barrels.