Balancing Support For Near and Far

Posted: April 10, 2022
Category: News Pulse

RP Weekly Recap | April 4 – 8


Amid an energy crisis within their borders and a humanitarian crisis around the corner, Germany’s Finance Minister Christian Lindner stated an immediate ban on imports of Russian oil and gas into Germany is not feasible. Since the start of the Russian war in Ukraine at the end of February, Germany – Europe’s biggest economy, which depends on Russian gas for around half of its consumption – has been one of the biggest opponents of an energy embargo on Russia. But balancing their fears that directly targeting Russian energy exports could lead to a deep recession and supporting the crisis in Ukraine have weighed on the country with an unknown path forward. Check out this story and more in this week’s recap of all things happening in oil and gas!

COVID-19 Updates

COVID-19 Statistics

  • Number of Cases (Worldwide): 498,154,313 (up from 488,938,781 last week)
  • Number of Cases (USA): 80,399,474 (up from 80,112,722 last week)
  • Statistics courtesy of Johns Hopkins

Financial & Economic Updates

U.S. Oil Market News

Global Market News

Employment Updates

  • Employers Added 455,000 Jobs in March – economists forecast a slowdown of the economy in 2022 but with the unemployment rate falling to 3.6%, the labor market is showing no sign of that, Blowing Past Expectations – the unemployment rate dipped to 3.8%

United States Rig Count

  • Up 16 from last week for a total of 689
  • Up 56.5% from one year ago
  • Statistics courtesy of Baker Hughes


Content UpdatesNews PulsePodcast

  • A new segment has arrived! Join RARE PETRO’s Anthony McDaniels and Tavis Kilian for a quick analysis of what may be hiding in the headlines in our newest series, The Wacky World of Energy!

  • While the whole world has their eyes on Russia, there are a bunch of strange stories in energy revolving around oil trading. RARE PETRO has talked about it before, but the petrodollar is a monetary system that guides the trade of crude worldwide. WTI? Traded in American dollars. Canadian Crude Index? Traded in American dollars. Nigerian Bonny Light? Included in the OPEC basket, and both are priced in (you guessed it) American Dollars. The system is old, but it has worked because the US dollar was a dominant currency on the world market, so people felt comfortable using it. Others, like Gaddafi and Saddam Hussein, pushed to price oil in a different currency (the Euro), and some speculate that this was a major reason for the US’s involvement in the Middle East. So… who is currently challenging the petrodollar status quo? Check out our latest Periodical to find out more! 

  • Episode Seventeen of The Industry Leader Spotlight Podcast is available now! Be sure to check out our interview with Cary Stockdell, CEO of Stockdell Stringer Leadership Solutions!

  • RARE PETRO is the tik talk of the town! Short-form content to educate both the public or industry professionals is available NOW! Check out our latest Tik Tok Video uncovering what Hollywood does not understand about a blowout. 

  • RARE PETRO and Rainmaker GBD collaborate on a monthly newsletter highlighting everything you need to know about the energy sector. This is a video interview with RARE PETRO’s Anthony McDaniels as he speaks on the biggest stories and dives a little bit deeper into supporting data. Welcome to the second edition of “Side Chat”

  • Grab a drink and join us for our newest segment, Thirsty Thursday: An Inventory Report to see if we’ve been poured another tall glass of crude and whether or not the U.S. was thirsty enough to suck down another round.  

Click below to subscribe to the RARE
PETRO Podcast Network or visit

The information contained in this newsletter is provided by RARE
PETRO Engineering, PLLC via the linked sources unless otherwise

Send Us a Message

Rare Petro Logo

1224 Washington Ave,
Suite 10
Golden, CO 80401

(720) 772-7371

Rare Petro Logo


Oil & Gas News Pulse


You have Successfully Subscribed!