Historic Release

Posted: April 1, 2022
Category: News Pulse

RP Weekly Recap | March 28 – April 1


The Biden Administration is planning to release 1 million barrels of oil per day from its strategic reserves to help cut gas prices and fight inflation across the country. Gasoline prices have spiked above $4 per gallon in much of the United States, hitting a fresh high of over $6 per gallon in Los Angeles earlier this month. According to the Administration, “the scale of this release is unprecedented…this record release will provide a historic amount of supply to serve as a bridge until the end of the year when domestic production ramps up.” 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): 488,938,781 (up from 478,155,078 last week)
  • Number of Cases (USA): 80,112,722 (up from 79,906,877 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 thaty, Blowing Past Expectations – the unemployment rate dipped to 3.8%

United States Rig Count

  • Up 3 from last week for a total of 673
  • 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!

  • Cushing, Oklahoma is a small city with a rich oil history. The background in oil and gas lead it to become a sort of mecca that many referred to as the “Pipeline Crossroads of the World” and the primary delivery point for light sweet crude to be traded as futures under NYMEX. Since then it has been a large hub used for the storage and transportation of oil and served as a solid indicator of the inventory levels of the United States. Lately, people have noticed something peculiar and it is not good news for consumers of energy. 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. 

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