Following the recent issuance of a 60-day moratorium on new drilling permits and land leases on federal land, President Joe Biden Jan. 27 signed an executive order that would suspend all new federal oil and gas leases,

U.S. Rig Count is up 6 from last week to 384, Canada Rig Count is up 2 from last week to 174.

Real gross domestic product (GDP) increased at an annual rate of 4.0 percent in the fourth quarter of 2020

U.S. commercial crude oil inventories decreased by 9.9 million barrels to 476.7 million barrels.

The Committee decided to keep the target range for the federal funds rate at 0 to 1/4 percent

Economic growth and the lessening of pandemic-related restrictions result in more energy consumption and associated CO2 emissions. EIA expects total energy-related CO2 emissions to increase to 4.8 billion metric tons in 2021 and 4.9 billion metric tons in 2022.

Some of the country's largest energy customers, including Amazon, Facebook, General Motors, McDonald's, PepsiCo, Target and Walmart have called on the federal government to implement "strong and specific national policies" to accelerate the transition to a zero-carbon dioxide emissions power sector

U.S. commercial crude oil inventories increased by 4.4 million barrels to 486.6 million barrels.

Since 2005, the three power resources have accounted for more than 90% of all capacity additions (328 GW), with a remarkable 97% (170.9 GW) during the last seven years alone.

The recent Russian SolarWinds hack has been identified as one the most significant cyberattacks against the US.