Germany’s auto sector emissions remain high
China boosts imports of coal from Russia
EU/Africa tensions over gas investment ($FT)
La Niña to boost winter heating in Japan ($BBG)
U.S. shale producers hit drilling limits ($WSJ)
U.S. central bank refocuses on inflation ($WSJ)
Stranded asset story and the energy crisis ($FT)
Renewables and domestic energy security ($FT)
California relies on nuclear for 10% of electricity
United States is shifting policy on Taiwan ($BBG)
Coal boom leads to expansion of marginal mines
U.S. TREASURY securities with ten year maturity are yielding 3.53%, the highest since 2010, as traders anticipate the central bank will have to keep interest rates higher for longer to bring down inflation. Yields are rising at the fastest year-over-year rate since 1999. The increase is testing the downward trend in place since the mid-1980s. If the increase is sustained it will force a widespread re-pricing of most other assets:
HEDGE FUNDS and other money managers made few changes to their positions in the six most important petroleum futures and options contracts in the week to September 13. There were total net purchases of +4 million barrels with buying in NYMEX and ICE WTI (+10 million) and Brent (+3 million) but sales of U.S. gasoline (-5 million), U.S. diesel (-3 million) and European gas oil (-1 million):
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