Africa’s governments demand fair energy transition
U.S. gas production and injections drive prices lower
China’s gas consumption growth stalls in 2022
Australia’s mining companies explore renewables
Saudi Arabia’s more independent foreign policy ($FA)
South Africa’s newest coal generator damaged ($BBG)
Aero-engine makers struggle to meet demand ($FT)
Canada excludes China from lithium sector ($FT)
China’s quarantine system – an inside view ($FT)
U.S. INTEREST RATE TRADERS expect the Federal Reserve to raise its federal funds target for longer to peak at a higher level and sustain them at a higher rate than before, following a warning by the central bank’s chief. Policy-controlled interest rates are expected to continue rising until they peak at 5.00-5.25% in May 2023, up from 3.75-4.00% at present, and still be at 4.00-4.25% at the end of 2024:
U.S. PETROLEUM INVENTORIES including the strategic reserve fell by -3 million barrels in the week to October 28. Stocks have depleted in 90 of the last 122 weeks by a total of -494 million barrels since the start of July 2020:
JKempEnergy.com 