NEWS

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Cutting edge solar power solutions provider Sunworks announced $10 Million in project wins for the third quarter. $SUNW is seeing an acceleration in activity and Improving Market Conditions for agriculture, commercial and industrial, public works and residential markets. The stock soared 45% on today's market.

Energy storage still distorted from Hurricanes and Covid hit demand. EIA reported a build in crude oil of +501kbbl, a build of of  +470 kbbl at Cushing.  Draw in gasoline -1435kbbl. US production was up 300 kpd at 11,000 mbpd, off record high of 13.10 mbpd. 

Natural gas futures rose after a near expected build of +76 Bcf in gas storage last week as demand destruction continued with Laura, Beta and Cameron closures. Large movements on the spreads.  The  focus is on the gulf weather and the coronavirus effect on reopening, LNG and Mexican exports and the winter outlook for the US.

The US Labor Department reported another new 661 million non farm paroll jobs in September.  Unemployment is recovering after the Coronavirus hit the economy as people return to work. The unemployment rate fell to 7.9% v. 8.1% estimate, Prior month 8.2%

Energy storage still distorted from Hurricane Laura. EIA reported a draw in crude oil of -1639kbbl, a build of of  just +4kbbl at Cushing.  Draw in gasoline -4025kbbl. US production was at 10,700 mbpd, off record high of 13.10 mbpd. 

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