Top energy story:
US oil data from the US Energy Information Administration for the week ending August 19, 2022, showed that despite a record withdrawal of crude from the SPR, a drop in our oil exports, and a decrease in our refining, we had to pull oil out of our stored commercial crude supplies for the 4th time in 6 weeks, and for the 23rd time in the past 39 weeks, in part due to a big decrease in oil supplies that could not be accounted for.
- natural gas touches $10;
- US oil supplies at a 19-year low;
- SPR at a 37.5-year low after a record withdrawal.
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