Iranian crude production has risen in recent months, hitting 2.14 million b/d in February, a 190,000 b/d increase from a 33-year low of 1.95 million b/d in August.

The United Arab Emirates and the US announced their joint commitment to tackle the climate challenge in a joint statement that stresses the importance and urgency of raising global climate ambition.

Total nonfarm payroll employment rose by 916,000 in March, and the unemployment rate edged down to 6.0 percent,

The United States now has a vision for a fusion pilot plant with design commencing soon.

U.S. Rig Count is up 13 from last week at 430, Canada Rig Count is down 12 from last week to 69

The plan proposes $100 billion in spending on upgrading and building out the nation's aging and regionally siloed electric transmission system. Various studies have estimated the U.S. will need to double or even triple its electric transmission capacity to successfully decarbonize its economy by midcentury.

U.S. commercial crude oil inventories decreased by 0.9 million barrels to 501.8 million barrels.

As part of the new initiative which spans multiple government agencies, the Departments of the Interior, Energy and Commerce committed to a shared goal of generating 30 gigawatts of offshore wind in the US by 2030.

Committee chairman Sen. Joe Manchin (D., W.Va.) highlighted the importance of maintaining the nation’s position as a global leader in nuclear energy and called for pushback against strategic efforts by China and Russia to supplant the United States in this role.

Between 2015 and 2020, U.S. gas production grew roughly twice as fast (4.3% per year on average) as consumption (2.3% per year), according to data from the U.S. Energy Information Administration.