U.S. commercial crude oil inventories increased by 1.0 million barrels from the previous week to 435.1 million barrels.

China and the United States have agreed to collaborate more closely on climate action

Prices of risky assets generally rose further, and most valuations are high relative to history

This year, demand for petroleum, both in the United States and globally, has largely returned to the pre-pandemic levels in 2019. Demand has grown faster than supply, reducing inventories and contributing to higher prices for crude oil and petroleum products.

Despite a brief Covid-related output dip, US LNG exports rose 31% in 2020 to hit an all-time high of 2.4 trillion cubic feet (Tcf).

The meeting marked the launch of the US-UK Strategic Energy Dialogue, a commitment made by UK Prime Minister Boris Johnson and President Joe Biden in June 2021, to deepen collaboration in areas such as clean energy technologies, industrial decarbonisation, nuclear energy, and energy security, as well as science and innovation.

Under the teaming agreement, NuScale will help Nuclearelectrica evaluate its technology, and together, the organisations will take steps toward deploying a first NuScale six-module, 462MWe, power plant in Romania as early as 2027/2028.

U.S. commercial crude oil inventories increased by 3.3 million barrels from the previous week to 434.1 million barrels.

U.S. Rig Count is up 6 from last week to 550, Canada Rig Count is down 6 from last week to 160.

U.S. aims to deploy 30 GW of offshore wind by 2030 and to permit at least 25 GW of onshore renewable energy by 2025.

The continued deployment of smart appliances for grids, buildings, and e-mobility is bringing the physical and digital worlds closer to achieving the delivery of energy at the right place, at the right time and with lower costs and higher efficiencies than today.

ABI research predicts about AR that by 2022, 18$ billion will be the energy and utility sector revenue for Augmented Reality.

The health care, construction and manufacturing industries have seen a record-high exodus of employees. The staggering number of people quitting their jobs has been dubbed the Great Resignation.

U.S. Rig Count is up 2 from last week to 544, Canada Rig Count is up 2 from last week to 166.

U.S. commercial crude oil inventories increased by 4.3 million barrels from the previous week to 430.8 million barrels.