U.S./Russia communicate to cut escalation risk ($WSJ)
Global LNG prices slide as storage fills ahead of winter
U.S. electricity generators add more gas-fired capacity
G7⁺ price cap for Russian oil to have low impact ($BBG)
German economist sues OPEC for illegal cartel ($BBG)
U.S. shale gas promotes itself as cleaner than coal ($FT)
China’s exports fall as global trade slows ($BBG)
WESTERN EUROPE’s temperatures are expected to be above average for the time of year through December, according to the European Centre for Medium-Range Weather Forecasting, which would reduce heating demand and ease pressure on gas and electricity supplies:
U.S. EMPLOYMENT has been growing faster than would have been expected based on output growth alone. The discrepancy between rapid job gains and slower growth in real gross domestic product is evident whether jobs are measured from the employer side (payrolls) or employee side (household surveys). If historical relationships reassert themselves, job gains are likely to slow or output growth will accelerate:
U.S. EMPLOYMENT in the transportation and warehousing super-sector has been flat since June after growing rapidly for two years following the first wave of the pandemic. The number of jobs in the sector has levelled off around 6.5 million up from 5.8 million before the arrival of the pandemic in the first quarter of 2020:
JKempEnergy.com 