ENERGY

Oil futures are chopping sideways (after yesterday's tumble) with increased Middle East tensions countered by bearish factors like Putin's agreement not to attack Ukrainian energy facilities and OPEC+ plans to start raising output in less than two weeks time.

Will the official data back that up?

API

• Crude +4.6mm

• Cushing -1.1mm

• Gasoline -1.7mm

• Distillates -2.1mm

DOE

• Crude +1.745mm

• Cushing -1.01mm

• Gasoline (more…)

Authored by Tsvetana Paraskova via OilPrice.com,

• Harold Hamm: would need an oil price of around $80 per barrel to cover the cost of drilling wells.'

• U.S. Energy Secretary Wright: the administration isn’t targeting a specific price of oil, but it works to bring back common sense and pro-energy policies in America.

• Scott Sheffield: The cash breakeven price, including dividends, is $50-$55 for U.S. (more…)

Authored by Aldgra Fredly via The Epoch Times,

President Donald Trump said on Monday that he was authorizing his administration to use coal-fired power plants for energy production to counter China’s economic (more…)