“Covid fears are rocking the oil market Monday as China’s planned lockdown of Shanghai raises concerns about energy demand.
US crude tumbled 7% and Brent lost 6.8% on the Covid news, giving back most of last week’s big gains. The heavy selloff comes after officials in China announced plans to lock down half of Shanghai for mass Covid-19 testing beginning Monday.” https://www.cnn.com/2022/03/28/business/oil-prices-covid-shanghai/index.html
“…For weeks, the market has been almost entirely focused on supply disruptions caused by Russia’s invasion of Ukraine.
Yet Monday’s selloff shows markets remain sensitive to shifts in energy demand, especially in China, the largest oil importer on the planet. Not only does China consume massive amounts of gasoline, jet fuel and diesel, but it’s also the largest source of energy demand growth in the world.”
Oil producer group OPEC+ on Thursday decided to stick to its strategy of gradually reopening the taps following reports the U.S. is considering the largest ever draw from its emergency oil reserve.
The influential energy alliance of OPEC and non-OPEC partners swiftly agreed to raise its output targets by 432,000 barrels per day from May 1.
Oil prices have rallied to a near all-time high on concerns about Russian supply disruptions after the U.S. and international allies imposed a barrage of economic measures against the Kremlin as a result of its unprovoked onslaught in Ukraine.
Oil prices dropped sharply on the news that the U.S. is considering a plan to cool soaring crude prices by releasing up to 180 million barrels from the country’s strategic petroleum reserve
International benchmark Brent crude futures traded 5% lower at $107.69 a barrel Thursday afternoon in London, while U.S. West Texas Intermediate futures fell 5.4% to $101.96. https://www.cnbc.com/2022/03/31/oil-opec-meets-as-us-considers-massive-release-of-oil-reserves.html
Eideard 
Earmarks: These lawmakers secured millions for EV projects https://www.eenews.net/articles/earmarks-these-lawmakers-secured-millions-for-ev-projects/
Major Intergovernmental Organization Releases 10-Point Plan to Conserve Oil. The US Isn’t Doing Any of It.
The International Energy Agency, the West’s answer to OPEC, released a plan “in the face of the emerging global energy crisis.” https://www.vice.com/en/article/93bm43/major-intergovernmental-organization-releases-10-point-plan-to-conserve-oil-the-us-isnt-doing-any-of-it
“Covid fears are rocking the oil market Monday as China’s planned lockdown of Shanghai raises concerns about energy demand.
US crude tumbled 7% and Brent lost 6.8% on the Covid news, giving back most of last week’s big gains. The heavy selloff comes after officials in China announced plans to lock down half of Shanghai for mass Covid-19 testing beginning Monday.” https://www.cnn.com/2022/03/28/business/oil-prices-covid-shanghai/index.html
“…For weeks, the market has been almost entirely focused on supply disruptions caused by Russia’s invasion of Ukraine.
Yet Monday’s selloff shows markets remain sensitive to shifts in energy demand, especially in China, the largest oil importer on the planet. Not only does China consume massive amounts of gasoline, jet fuel and diesel, but it’s also the largest source of energy demand growth in the world.”
Oil producer group OPEC+ on Thursday decided to stick to its strategy of gradually reopening the taps following reports the U.S. is considering the largest ever draw from its emergency oil reserve.
The influential energy alliance of OPEC and non-OPEC partners swiftly agreed to raise its output targets by 432,000 barrels per day from May 1.
Oil prices have rallied to a near all-time high on concerns about Russian supply disruptions after the U.S. and international allies imposed a barrage of economic measures against the Kremlin as a result of its unprovoked onslaught in Ukraine.
Oil prices dropped sharply on the news that the U.S. is considering a plan to cool soaring crude prices by releasing up to 180 million barrels from the country’s strategic petroleum reserve
International benchmark Brent crude futures traded 5% lower at $107.69 a barrel Thursday afternoon in London, while U.S. West Texas Intermediate futures fell 5.4% to $101.96.
https://www.cnbc.com/2022/03/31/oil-opec-meets-as-us-considers-massive-release-of-oil-reserves.html
“Largest Ever Petroleum Reserve Release Forces Oil Lower : The U.S. benchmark is on course for a 12%-13% weekly decline – the sharpest in almost two years, after an earlier surge driven by the Ukraine conflict had seen prices rise by more than 30%.” https://oilprice.com/Energy/Energy-General/Largest-Ever-Petroleum-Reserve-Release-Forces-Oil-Lower.html