June 2020

U.S. Rig Count is down 1 rigs from last week to 265, Canada Rig Count is down 4 rigs from last week to 13

Brent rose 32 cents, or 0.8%, to $41.37, WTI gained 25 cents, or 0.7%, to $38.97

The average spot price of natural gas at the Henry Hub reached $1.38 per million British thermal units (MMBtu) on June 16, 2020, the lowest daily Henry Hub price without adjusting for inflation and in nominal dollars since December 1998,

Japan's Nikkei .N225 rose 1.3% to sit 0.4% higher for the week.

China's arrivals from Saudi last month reached 9.165 million tonnes, or 2.16 million barrels per day (bpd), up about 95% from 1.11 million bpd in May 2019 and up 71% from 1.26 million bpd in April,

New coal plant projects proposed this year in China would add more than 40GW to the country’s power supply

A virtual power plant (VPP) is one that connects a network of distributed energy resources (DERs) together using cloud-based control software to enable effective power generation and distribution.

Hydrogen fuel cells can also open up additional revenue streams for utilities

Brent fell 13 cents, or 0.3%, to $40.18 a barrel, WTI declined 23 cents, or 0.6%, to $37.78 a barrel.

U.S. commercial crude oil inventories increased by 1.4 million barrels from the previous week to 540.7 million barrels