Brent was unchanged at $37.84 per barrel, WTI for July delivery were at $35.53 a barrel

It is clear the Chinese, Russians, North Koreans, Iranians, etc. have been actively trying to hack into the US grid

Japan’s Nikkei added 0.7% to also reach a three-month peak.

The S&P/ASX 200, currently on a five-week winning run, closed 1.1% higher at 5,819.20 on Monday

Natural gas deliveries to U.S. LNG export facilities decline to the lowest level since October 2019

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 7.9 million barrels from the previous week. At 534.4 million barrels, U.S. crude oil inventories are about 13% above the five year average for this time of year.

The UAE, which pumped a record 4.1 million b/d in April, has also pledged to trim an extra 100,000 b/d in June, on top of its OPEC+ commitments,

Turkey imported 2.06 billion cubic meters of LNG in March

Energy plays a strategic role in almost everyone’s thinking about the future of the U.S. economy.

U.S. electric utilities face increasing pressure to achieve financial targets. The current pandemic in the U.S. further compounds the problem that utilities have seen coming for several years.