U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 4.6 million barrels from the previous week. At 532.2 million barrels, U.S. crude oil inventories are about 12% above the five year average for this time of year.

March coal exports were up 1.2% from 6.19 million mt in February but 25% lower than the 8.36 million mt exported in the year-ago month.

Gas power is the most economic dispatchable source of electricity in America today.

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $44.4 billion in March, up $4.6 billion from $39.8 billion in February, revised.

U.S. Rig Count is down 57 rigs from last week to 408, Canada Rig Count is up 1 rig from last week to 27

U.S. real gross domestic product (GDP) decreased at an annual rate of 4.8 percent in the first quarter of 2020

In 2019 energy production exceeded energy consumption in the United States on an annual basis,

Sterling rose 0.2% against the weaker dollar, at $1.2443. As the euro also strengthened versus the dollar, the pound was down around 0.3% versus the euro at 87.335 pence.

Iraq is heavily reliant on Iran to maintain its power supply, and even then it has significant blackouts that are exacerbated by the summer heat.

The U.S. dollar was weaker against the Japanese yen and the euro