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Saturday, August 27, 2022

Week 34: August 21, 2022 -- August 27, 2022

Top Stories

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 international energy story:

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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