The Power Crisis Continues

Posted: October 1, 2021
Category: News Pulse

RP Weekly Recap | September 27 – October 1


While the UK obsesses about panic-buying at fuel stations, there are fuel crises going on elsewhere around the world, no more so than in China. At least 20 Chinese provinces and regions making up more than 66% of the country’s gross domestic product have announced some form of power cuts, mostly targeted at heavy industrial users. The reasons are two-fold — record high coal prices are causing power generators to trim output despite soaring demand, while some areas have pro-actively halted electricity flows to meet emissions and energy intensity goals. With supply chains already in disarray, the effects will certainly be felt on a global scale. 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): 233,955,450 (up from 230,821,219 last week)
  • Number of Cases (USA): 43,481,064 (up from 42,698,318 last week)
  • Statistics courtesy of Johns Hopkins

Financial & Economic Updates

U.S. Oil Market News

Global Market News

Employment Updates

  • In a sign of the labor market’s recovery from the depths of the pandemic, jobless claims fell to a nearly 18-month low of 310,000. The data implies that slower job growth is being limited by a shortage of workers, not a lack of demand for them.

United States Rig Count

  • UP 7 from last week for a total of 528
  • Up 98.6% from one year ago
  • Statistics courtesy of Baker Hughes


Content UpdatesNews PulsePodcast

  • Many see hydrogen fuel as the fuel source that could revolutionize the way we use energy in the 21st century. Despite all the hype around hydrogen fuel, there are several questions that remain about this new technology and its future applicability. Click HERE to find out more.

  • 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 diving into Brazil’s worst drought in 91 years, which is a problem as 2/3 of its power generation capacity is thanks to its hydropower infrastructure. 

  • 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 first “Side Chat”

  • Sam Gibbs revolutionized the way a rod pumped well would be managed dozens of times over. As a brilliant engineer, mathematician, and disciplined man he worked passionately to change the trajectory of rod pump technology for generations. Find out more in episode seven of Hydrocarbon History! 

  • 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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