U.S. Rig Count is up 3 from last week to 779, Canada Rig Count is down 103 from last week to 96

U.S. Rig Count is down 4 from last week to 776, Canada Rig Count is down 3 from last week to 199.

U.S. commercial crude oil inventories increased by 10.2 million barrels to 424.1 million barrels.

The Committee decided to raise the target range for the federal funds rate to 4-1/4 to 4-1/2 percent.

NIF scientists readily acknowledge that the facility was not designed with commercial fusion energy in mind—and many researchers doubt that laser-driven fusion will be the approach that ultimately yields fusion energy.

The programs, funded with $3.7 billion from President Biden’s Bipartisan Infrastructure Law, will help accelerate private-sector investment, spur advancements in monitoring and reporting practices for carbon management technologies, and provide grants to state and local governments to procure and use products developed from captured carbon emissions.

The U.S. Department of Energy (DOE), through its Loan Programs Office (LPO), today announced the closing of a $2.5 billion loan to Ultium Cells LLC to help finance the construction of new lithium-ion battery cell manufacturing facilities in Ohio, Tennessee, and Michigan.

Dry natural gas production in 2022 to set an annual record in the United States, averaging 98.0 Bcf/d.

U.S. Rig Count is down 4 from last week to 780, Canada Rig Count is up 7 from last week to 202.

The sweeping push to replace fossil fuel plants with clean energy is forcing US power grids to the brink of a twin crisis, making electricity unaffordable while raising the specter of more frequent blackouts, a member of the Federal Energy Regulatory Commission said.