South Africa’s coal and a just energy transition
U.K. economy on the cusp of a recession
U.S. East Coast hit by local jet fuel shortage
U.S. West Coast ports start pay talks ($WSJ)
China’s top leaders jockey for position ($WSJ)
China calls for elderly to get vaccinated (trans.)
U.K. REAL GDP declined in both February and March, a sign growth was stalling even before the rise in utility prices and payroll taxes took effect in April:
TEXAS power consumption has surged to a near-record as the state is hit by a sustained period of much higher than normal temperatures for the time of year:
U.S. PETROLEUM inventories increased by +3 million bbl to 1,699 million bbl last week (SPR crude -7 million; commercial crude +8 million; gasoline -4 million; distillate -1 million; and jet +2 million):
U.S. DISTILLATE inventories fell -1 million bbl to 104 million bbl. Distillate availability shows no improvement but it is not deteriorating either at present:
U.S. GASOLINE inventories depleted by -4 million bbl to 225 million bbl last week, the lowest for the time of year since 2014, as distillate shortages bleed across into gasoline:
JKempEnergy.com 