The Committee decided to keep the target range for the federal funds rate at 0 to 1/4 percent and expects it will be appropriate to maintain this target range until labor market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen to 2 percent and is on track to moderately exceed 2 percent for some time.

Despite volatility in global oil markets, U.S. crude oil exports reached a record high in 2020.

Tighter U.S. natural gas supply and demand balances in recent months contributed to price increases.

U.S. LNG exports increased in the first half of this year as international natural gas and LNG spot prices increased in Asia and Europe due to cold weather.

U.S. commercial crude oil inventories increased by 2.1 million barrels from the previous week to 439.7 million barrels.

Reaching 50% renewables by the end of this decade would still remain well short of President Biden's call for 80% clean power by 2030 (assuming "clean" means "renewable" and does not include nuclear power or fossil fuels with carbon capture).

U.S. Rig Count is up 7 from last week to 491, Canada Rig Count is down 1 from last week to 149.

U.S. commercial crude oil inventories decreased by 6.9 million barrels from the previous week to 445.5 million barrels.

Energoatom will initiate the development of draft bilateral documents and measures aimed at deepening Ukrainian-American nuclear cooperation with the support of Westinghouse.

Total nonfarm payroll employment rose by 850,000 in June, and the unemployment rate was little changed at 5.9 percent