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.
Javier Blas:
Focus on fracking: weekly installment.The lede:
- natural gas touches $10;
- US oil supplies at a 19-year low;
- SPR at a 37.5-year low after a record withdrawal.
Top story of the week:
- Jay Powell's 8-minute speech telegraphing a coming recession, just in time for Christmas
- Ukraine: no longer talking peace; talking victory
Top national non-energy story:
- US equity markets plummet after Jay Powell's "recession" speech
Top national energy story:
Top North Dakota non-energy story:
Top North Dakota energy story:
Geoff Simon's top North Dakota energy stories:
Bakken economy:
Commentary:
Entertainment:
- Final episode, second season: "Only Murders in the Building"
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