Jobs Blowout! Labor Market "Rip-Roaring" -- CNBC; EPA Halts Methane Rule -- June 1, 2017

DAPL: unlikely to reach full capacity (470,000 bopd) until 2018. 

Weekly oil data, from John Kemp via Twitter:

• US oil production rose 62K bopd to 9.1 million bopd; that's up 531,000 bopd from the recent low of 8.6 million bopd in Sept 2016

Active rigs:

	6/1/2017	06/01/2016	06/01/2015	06/01/2014	06/01/2013
Active Rigs	48	27	80	189	187

RBN Energy: where refiners are allocating their 2017 CAPEX dollars.

Jobless claims: econoday --

• forecast: 239K
• prior: 234K
• wow, huge miss: first time claims increase 248K, well above the forecast of 239K 

Jobs, ADP payrolls added: huge number, a blowout -- making America great again!

• forecast: 183K
• actual: 253K  (revised upward to 255K)
• unemployment rate headed for 4%
• labor market: "rip-roaring"

Deal of the month -- Rigzone: Noble Energy exits Marcellus, data points:

• $1.9 billion
• two deals
• will focus on DJ Basin, Delaware Basin, and Eagle Ford 

Making America great again -- Reuters: US EPA halts methane rule for oil and gas industry, data points:

• 90-day stay, comment period
• environmental groups say they will block EPA move in court

Making Saudi great again -- Reuters: Saudi Aramco signs deals to build gulf's biggest shipyard, data points:

• $5.2 billion project
• joint venture with three companies
• Saudi's National Shipping Co
• UAE's engineering firm Lamprell, PLC
• South Korea's Hyundai Heavy Industries 
• 1.7 square mile shipyard along Saudi's east coast
• major production to begin in 2019; full capacity by 2022