U.S. Rig Count is up 5 from last week at 402, Canada Rig Count is down 9 from last week to 163,

There had been calls for the Biden administration to intensify sanctions designations to include a wide range of companies involved in the construction of Nord Stream 2, including service companies, insurers and certification companies.

The unusually cold temperatures caused life-threatening blackouts that left millions of Texans without power for days. And although residents of that state suffered the brunt of the energy crisis, the repercussions spread across the country.

U.S. commercial crude oil inventories increased by 1.3 million barrels to 463.0 million barrels.

Severe cold weather in parts of the USA last week contributed to power outages affecting millions of electricity customers across Texas, Louisiana and Oklahoma.

The power supply collapse in Texas was caused by extreme and aberrant cold weather, freezing the electric generators. The system wasn’t designed to withstand what occurred -- and what may occur elsewhere in a time of new and terrifying instability in the world’s weather systems.

U.S. industrial production increased 0.9 percent in January.

U.S. Rig Count is unchanged from last week at 397, Canada Rig Count is down 4 from last week to 172

U.S. liquefied natural gas (LNG) exports will exceed natural gas exports by pipeline in the first and fourth quarters of 2021 and on an annual basis in 2022.

U.S. commercial crude oil inventories decreased by 7.3 million barrels to 461.8 million barrels.