The US was the fifth-largest supplier of LNG to India in 2019, according to the Department of Energy.

The sector is in full-on merger mode in response to oil prices that have been stuck at around $40 a barrel in recent months after the Covid-19 pandemic hit global demand.

To coincide with the first meeting of the new United States-United Arab Emirates Strategic Dialogue, U.S. Secretary of Commerce Wilbur Ross announced the Department is working to conclude two memorandums of understanding with Emirati government agencies promoting foreign direct investment, innovation, and entrepreneurship as well as the expansion of the International Trade Administration’s (ITA) Digital Attaché Program to Dubai, UAE.

The EU considers the extraterritorial application of unilateral restrictive measures unlawful and contrary to international law.

U.S. Rig Count is up 5 from last week to 287, Canada Rig Count is up 3 from last week to 83,

U.S. commercial crude oil inventoriesdecreased by 1.0 million barrels to 488.1 million barrels.

The United States has been competing with China and Russia and other countries to supply nuclear power technology to countries hoping to build their first reactors, or boost their programs.

The plant’s projected cost of $6.1 billion has risen from $3.6 billion in 2017

US oil production is unlikely to return to a pre-pandemic peak of more than 13 million b/d,

With positive spreads between the US Henry Hub price and end-user markets, the ramp-up in terminal utilization should gain steam in the near-term, in a bullish sign for overall demand for US LNG.