- At around 4:30am CT, the Suez Canal Authority said the downed vessel in the Suez Canal, the Ever Given, had been partially re-floated
- The ships' stem (bow) is still stuck, and will be harder to free, according to the salvage team responsible for clearing the obstruction
- Around 96 tankers carrying oil, LNG, LPG, and other fuels have been affected by the Suez Canal blockage, according to Vortexa
- Russia supports holding OPEC+ output stead, seeks small rise for itself (Reuters)
- According to Reuters, the group is expecting a decision like last month, where most members held production steady except for Russia and Kazakhstan
- AEGIS notes, the recent sell-off has likely strengthened the need for caution moving forward by the group
- The Baker Hughes oil rig count gained six rigs to bring the total gas rig count to 324
- The Permian basin added five rigs, while the Eagle Ford lost one rig, and the Denver-Julesburg rig count remained unchanged
- The recent rig additions have helped the total oil-directed drilling rig count to increase by 152, from a bottom of 172 rigs during the week ending August 14, 2020 to 324 rigs during the week ending March 26, 2021