India’s railways struggle to transport enough coal
India relaxes coal mine environmental rules ($BBG)
Ukraine cuts Russian pipeline gas flows to Europe
Global mining is central to future energy system
BlackRock updates energy-climate investor principles
Germany plans for disruption of Russian gas supply
U.S. ammonia prices increase with global gas prices
Nigeria subsidises fuel to keep aircraft flying ($BBG)
China forecasts record rain along south coast (trans.)
China issues flood warnings along the Yangtze (trans.)
China hydro generation rises on heavy rains ($BBG)
U.K. threatens energy majors with windfall tax ($FT)
U.S. inflation – how prices are really measured ($WSJ)
CHINA generated a record 221 TWh of hydro electricity in the first three months of the year, up from 196 TWh in the same period in 2021, relieving pressure on coal and gas inventories and prices:

U.S. EQUITY PRICES signal investors expect an imminent business cyclical slowdown – either a mid-cycle soft patch or an end-of-cycle recession. The S&P 500 index is down by almost 5% compared with the end of May 2021 and down by more than 11% in real terms:
