Prices of risky assets generally rose further, and most valuations are high relative to history

The US House of Representatives has passed a US$1,200bn infrastructure bill.

Despite a brief Covid-related output dip, US LNG exports rose 31% in 2020 to hit an all-time high of 2.4 trillion cubic feet (Tcf).

The meeting marked the launch of the US-UK Strategic Energy Dialogue, a commitment made by UK Prime Minister Boris Johnson and President Joe Biden in June 2021, to deepen collaboration in areas such as clean energy technologies, industrial decarbonisation, nuclear energy, and energy security, as well as science and innovation.

Under the teaming agreement, NuScale will help Nuclearelectrica evaluate its technology, and together, the organisations will take steps toward deploying a first NuScale six-module, 462MWe, power plant in Romania as early as 2027/2028.

U.S. commercial crude oil inventories increased by 3.3 million barrels from the previous week to 434.1 million barrels.

U.S. Rig Count is up 6 from last week to 550, Canada Rig Count is down 6 from last week to 160.

U.S. aims to deploy 30 GW of offshore wind by 2030 and to permit at least 25 GW of onshore renewable energy by 2025.

U.S. Rig Count is up 2 from last week to 544, Canada Rig Count is up 2 from last week to 166.

U.S. commercial crude oil inventories increased by 4.3 million barrels from the previous week to 430.8 million barrels.