Baltic grids prepare to synchronise to EU rapidly
OPEC predicts oil consumption to rise in 2023
Russia’s fuel exports to Middle East surge ($BBG)
China hydropower generation hits record high
U.S. homes with electric-only energy systems
China hesitates to mandate vaccination ($BBG)
Rapid inflation and its many discontents ($FT)
BRENT’s calendar spread from December 2022 to December 2023 has softened to a backwardation of $8 per barrel from $16 in early June as traders anticipate a cyclical economic slowdown will relieve some of the shortage in oil supply next year:
TEXAS electricity consumption increased at a compound annual rate of +1.5% over the last 20 years, reaching 427 billion kWh in 2021, up from 318 billion kWh in 2001:
U.K. REAL GDP rose by +0.51% in May from April, the fastest increase for four months, with particularly large increases in manufacturing (+0.87%) and construction (+1.54%):
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