The U.S. is Past Gas

Posted: June 10, 2022
Category: News Pulse

RP Weekly Recap | June May 6 – 10


The Biden Administration is keeping true to its word of transitioning the national transportation network towards alternative fuel sources to increase blending requirements for ethanol and biodiesel and new standards for an electric vehicle charging network. Just a few short days after the administration made official its requirement for how much ethanol and biodiesel the oil industry must blend into the nation’s fuel supply this year, Biden proposed new standards for its program to build a national network of 500,000 electric vehicle charging stations by 2030. 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): 534,528,610 (up from 520,376,022 last week)
  • Number of Cases (USA): 85,407,783 (up from 82,374,342 last week)
  • Statistics courtesy of Johns Hopkins

Financial & Economic Updates

U.S. Oil Market News

Global Market News

Employment Updates

  • Hiring Slows as Employers Add 128,000 Workers in May – the labor market remains strong as it downshifts to a slower growth pattern

United States Rig Count

  • Up 6 from last week for a total of 733
  • Up 59.0% 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! 

  • Ever since the oil price crash of 2020, OPEC has been coordinating to adjust how much oil they produce in order to balance out supply with changes in demand. Most recently OPEC decided to increase production by 648,000  barrels per day in August and another 400,000 barrels per day in March. Will this actually have a positive effect on global markets? To find out, check out our latest Periodical!

  • 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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