- Oil prices edged higher at press time, bolstered by strong U.S. economic data that offset investors’ concerns about the potential for a rise in Iranian supplies. Brent rose 25 cents to $69.12 a barrel. U.S. West Texas Intermediate crude rose 34 cents to $66.55 a barrel.
- Baker Hughes said it welcomes the nationally determined contribution (NDC) announced by the United States, which meets the ambition of the Paris Agreement and adds momentum to the Energy Transition. “Reducing greenhouse gas emissions on this timetable while delivering abundant and affordable energy is an incredible challenge, but an achievable one,” the company stated.
- New data show that North Dakota’s oil production grew in March after a lackluster start to the year, and the state’s top oil regulator anticipates it will keep ticking up throughout the summer. The state’s daily oil output increased 2% to 1.108 million barrels per day in March, according to figures just released.