U.S. central bank signals a hard landing ($WSJ)
U.S. trucking – possible decarbonisation pathway
China’s refiners anticipate higher exports ($BBG)
India plans more coal generation by 2030 ($BBG)
Asia LNG sales stall as prices hit resistance ($BBG)
ADNOC chief sees little room to manoeuvre in oil
Taiwan says blockade would be act of war
FedEx to cut costs and raise parcel prices ($WSJ)
U.S./China relations –Asia Society speech (trans)
EUROZONE manufacturers reported a further deterioration in business activity this month according to preliminary results from the purchasing managers’ survey. The composite activity index fell to 48.5 in September (24th percentile) down 49.6 in August (28th percentile) and 49.8 in July (29th percentile). The region’s economy is sliding into recession – even before expected energy shortages this winter:
U.S. INITIAL CLAIMS for unemployment benefits are still running at very low rates, with just 213,000 new claims filed last week on a seasonally adjusted basis. Core inflation is unlikely to fall to the Federal Reserve’s target of a little over 2% per year with the labour market this tight – which explains the central bank’s aggressiveness in raising interest rates:
IF YOU would like to receive best in energy and my research notes every day, you can add your email to the circulation list here: https://eepurl.com/dxTcl1
JKempEnergy.com 