During the past 12 months (July 2021–June 2022), the monthly average Henry Hub natural gas spot price, which is a U.S. benchmark, nearly doubled

The two programs – the Carbon Capture Demonstration Projects Program and the Carbon Dioxide Transport/Front-End Engineering Design (FEED) Program – are funded by a more than $2.6 billion investment from President Biden’s Bipartisan Infrastructure Law.

U.S. commercial crude oil inventories increased by 3.3 million barrels to 427.1 million barrels.

Global LNG export capacity has increased by 29%, or 14.0 Bcf/d, over the past five years (2017–21).

Perhaps the biggest issue is that the increased use of tech has made it far easier to scam people using utilities.

Total nonfarm payroll employment rose by 372,000 in June, and the unemployment rate remained at 3.6 percent, the U.S. Bureau of Labor Statistics reported

U.S. Rig Count is up 2 from last week to 752, Canada Rig Count is up 9 from last week to 175.

The sanctions freeze assets of companies based in Iran, Vietnam, Singapore, the UAE and Hong Kong.

U.S. Rig Count is down 3 from last week to 750, Canada Rig Count is up 12 from last week to 166.

Under the JCPOA between Iran the P5+1 group of countries (the USA, UK, France, Russia, and China plus Germany) Iran agreed to limit its nuclear development in return for the lifting of sanctions.

Romanian company Nuclearelectrica and NuScale will cooperate with the US Trade and Development Agency (USTDA) on a series of engineering and design activities and studies, as well further technical analyses of the Doicești site, a former thermal power plant site which has been identified as a potential location for the SMR plant.

US Energy Information Administration reports a capacity factor of 25% for solar generation.

Based on the median projection for the policy rate published at the June FOMC meeting, we expect the U.S. economy will slow in 2022-23 but narrowly avoid a recession.

Cuba had 1,198 MW of installed renewables in 2020, which accounted for 18% of the nation’s total energy capacity.

U.S. Rig Count is up 13 from last week to 753, Canada Rig Count is down 2 from last week to 154.