Tag: Central Asia

Best in Energy – 19 May 2023

China’s outreach to Central Asia (Reuters)

Europe’s gas prices are normalising (FT)

Russia oil price cap is working (U.S. Treasury)

New Mexico’s oil production boom (Reuters)

U.S. residential energy consumption (Reuters)

BRENT calendar spreads have softened as crude supplies have remained plentiful despite Russia’s invasion of Ukraine and the U.S./EU sanctions imposed in response, while the cyclical slowdown in industrial and freight activity has weighed on petroleum consumption:

SINGAPORE’s port container throughput reached a seasonal record 3.26 million twenty-foot equivalent units (TEUs) in April 2023 up from 3.04 million in the same month a year earlier. Container freight through the port has shown signs of starting to recover since the end of the first quarter:

Best in Energy – 18 May 2023

U.S. propane use fell in warm winter (EIA)

U.S. electric reliability assessment (NERC)

U.S. electric cold weather planning (NERC)

Russia tax revenues from energy fall (FT)

China’s thrifty travel trend (Reuters)

China’s diplomacy with Central Asia (Reuters)

India to refill strategic oil reserve (Bloomberg)

Vietnam urges power conservation (Bloomberg)

INDIA’s gas-fired power generation fell to 1,862 GWh in March 2023 down from 2,481 GWh in March 2022 and 3,988 GWh in March 2021 as the surge in LNG prices encouraged switching to coal and renewables:

U.S. GASOLINE inventories depleted by more than -1 million barrels over the seven days ending on May 12. Stocks are at the lowest seasonal level for nine years since 2014: