Other Stories of Interest: Wed, May 18, 2022

NATIONAL: USA lease sale cancellation leaves industry in limbo; Stronger U.S. dollar contributes to higher crude oil prices; Paul Ryan-led SPAC in $1.3B deal to create lower 48 E&P; Billionaire John Arnold backing energy-focused credit fund; Hot summer could push doubled natural gas prices even higher; Democrat Big Oil ‘price-gouging’ bills advance in Congress; INTERNATIONAL: PGNiG pens agreement with Sempra for 3Mtpa of LNG; European storage filling quickly as natural gas floods continent.

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