U.S. Total industrial production increased 1.4 percent in May

Of the top 25 solar power generating facilities in the US, 15 are located in California, four in Arizona, four in Nevada and two in Texas. Four of the top five solar facilities by sales volumes reported to FERC are located in California, while one is in Arizona.

There are currently more than 20 million people unemployed as a result of the epidemic, which has killed more than 115,000 people in the United States, with minority communities among those hardest hit on both fronts.

U.S. Federal Reserve prepared to start its corporate bond buying scheme,

Crude oil production from the major US onshore regions is forecast to decrease 93,000 b/d month-over-month in June from 7,725 to 7,632 thousand barrels/day, gas production to decrease 693 million cubic feet/day from 81,254 to 80,561 million cubic feet/day .

Buying renewable energy certificates (RECs) give companies a way to offset their carbon footprint while providing a market for renewable energy and allows the renewable developer to have a long-term REC revenue stream to justify the investment anywhere in the US and at different pricing options.

The strategy involves removing parts and products made in hostile foreign countries, like China and Russia, from energy infrastructure and replacing them with local substitutes.

Once considered a bulwark against the forces of modernization, industry and technological change is pushing energy trading organizations to consider a number of strategic changes to their front, middle, and back office functions that optimally engage people and systems to navigate our VUCA world.

The energy value chain is very complex, from generation, to transmission, distribution, energy trading, and energy sales.

“[Fossil] energy loans at the country’s six largest lenders jumped 23% to C$71.6 billion in their fiscal second quarter from the prior period,” Bloomberg reports, citing the banks’ financial disclosures. “Toronto-Dominion Bank had the largest increase at 29%, while Bank of Nova Scotia remained the biggest lender, with $21.6 billion in loans.”

U.S. Rig Count is down 5 rigs from last week to 279, Canada Rig Count is unchanged from last week at 21

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 5.7 million barrels from the previous week. At 538.1 million barrels, U.S. crude oil inventories are about 14% above the five year average for this time of year.

the Committee decided to maintain the target range for the federal funds rate at 0 to 1/4 percent.

The U.S. solar industry will install 18 gigawatts this year, enough to power more than 3 million homes,

U.S. gross domestic product fell at a 4.8% annualized rate in the first three months of the year. The outcome for the April to June period is expected to show an even worse annualized decline of perhaps 20% or more. The unemployment rate rose from a record low of 3.5% in February, hitting 14.7% in April and 13.3% last month.