U.S. commercial crude oil inventories decreased by 3.4 million barrels to 420.8 million barrels.

All this progress, however, could be derailed without a massive overhaul of America’s antiquated electric infrastructure – a task some industry experts say requires more than $2 trillion.

In 2021, U.S. energy-related carbon dioxide (CO2) emissions increased by 296 million metric tons (MMmt), or 6%, compared with 2020 levels.

U.S. Rig Count is up 9 from last week to 714, Canada Rig Count is down 3 from last week to 88.

U.S. commercial crude oil inventories increased by 8.5 million barrels to 424.2 million barrels.

The key focus would be to produce high-temperature heat which could be used for hydrogen production, to supply industrial processes and potentially district heating as well as electricity generation.

The DRACO program seeks to build a nuclear thermal rocket (NTR) engine and test it on orbit in Fiscal Year 2026 (FY26).

Total nonfarm payroll employment increased by 428,000 in April, and the unemployment rate was unchanged at 3.6 percent, the U.S. Bureau of Labor Statistics reported

There have been ongoing talks on the Russian Oil ban by the EU with more developments as the week progresses.

In mid-April, the bidding process for a new $6 billion pot of nuclear bailout money opened up.

U.S. Rig Count is up 7 from last week to 705 , Canada Rig Count is down 4 from last week to 91.

Secretary of State Antony Blinken signed for the USA and Minister of Foreign Affairs Ararat Mirzoyan signed for Armenia, during Mirzoyan’s visit to Washington.

The U.S. Department of Energy (DOE) today announced more than $2.3 billion for three efforts to advance diverse carbon management approaches that reduce carbon dioxide (CO2) pollution, address the impacts of climate change, and create good-paying jobs while prioritizing community engagement and environmental justice.

In support of these goals, the Committee decided to raise the target range for the federal funds rate to 3/4 to 1 percent and anticipates that ongoing increases in the target range will be appropriate.

U.S. commercial crude oil inventories increased by 1.3 million barrels to 415.7 million barrels.