“Although the market remains uncertain, we saw encouraging signs in July with gradual rebalancing of oil supply and demand,” API Chief Economist Dean Forman said. “Increases in U.S. refinery throughput and capacity utilization in July – coupled with inventories receding from record highs – has reinforced expectations for the continued demand recovery.”

Nuclear power is crucial not only for ensuring clean, reliable, and affordable power to the American people,

U.S. Rig Count is up 10 from last week at 254, Canada Rig Count is up 2 rigs from last week to 56

the uncertainty related to the economic effects of the pandemic was extremely elevated

U.S. commercial crude oil inventories decreased by 1.6 million barrels to 512.5 million barrels,

Job recovery in the U.S. clean energy sector slowed to a trickle in July

The consequences of climate change can affect every aspect of nuclear plant operations – from fuel handling and power and steam generation to maintenance, safety systems and waste processing

Crude oil production from the major US onshore regions is forecast to decrease 19,000 b/d month-over-month in August from 7,577 to 7,558 thousand barrels/day, gas production to decrease 421 million cubic feet/day from 79,684 to 79,263 million cubic feet/day .

The dollar was down 0.2% versus the euro at $1.1895 EUR=EBS and had fallen 0.5% against the Japanese yen to 105.40 JPY=EBS, a 1-1/2-week low.

The United States has tightened sanctions on the pipeline, designed and led by Russia’s Gazprom