China’s coal output rises sharply in Jan-Apr
China utilities to rebuild coal stocks ($BBG)
U.K. gasoline and diesel sales start to fall
EU hurries to rebuild depleted gas inventories
EU explores emergency price cap on gas ($BBG)
Climate pressure tempered by energy security
EU/Ukraine steel trade disrupted by war ($FT)
Texas grid appeals for electricity conservation
South Africa increases load-shedding blackouts
EU backs down on rouble gas payments ($BBG)
Remote workers balk at return to office ($WSJ)
CHINA’s coal production climbed by almost +12% in the first four months of the year compared with the same period in 2021, as the government ordered miners to maximise output to reduce the risk of electricity shortages and cut dependence on imports from Australia:
U.S. TRANSPORTATION SERVICES (freight, post and passengers) prices increased at an annualised rate of almost +47% in the three months from January to April – as the supply chain remained under pressure and fuel costs surged after Russia’s invasion of Ukraine and sanctions imposed in response:
U.S. CONSUMER SENTIMENT has weakened sharply this month and has fallen to levels consistent with a recession in the past:
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