Oil majors and earnings from trading (FT)
South Africa’s electricity cable thefts (FT)
U.S. Northwest hydroelectric outlook (EIA)
Inflation and price-setting behaviour (WSJ)
Inflation and demographic transition (Vox)
U.S./China diplomacy management (Reuters)
Mining constraints on energy transition (Reuters)
U.S. SERVICE SECTOR prices increases are decelerating as interest rates rise and growth slows. Services prices increased at an annualised rate of +4.2% in the three months ending in April while prices excluding rent of shelter rose at an annualised rate of just +0.8%:
U.S. DISTILLATE fuel oil inventories fell by -4 million barrels to just 106 million barrels over the seven days ending on May 5. Stocks are -24 million barrels (-18% or -1.39 standard deviations) below the prior ten-year average and the deficit has doubled from -12 million barrels (-9% or -0.73 standard deviations) on March 3:
JKempEnergy.com 