Tag: distillate

Best in Energy – 16 May 2022

China’s coal output rises sharply in Jan-Apr

China utilities to rebuild coal stocks ($BBG)

U.K. gasoline and diesel sales start to fall

EU hurries to rebuild depleted gas inventories

EU explores emergency price cap on gas ($BBG)

Climate pressure tempered by energy security

EU/Ukraine steel trade disrupted by war ($FT)

Texas grid appeals for electricity conservation

South Africa increases load-shedding blackouts

EU backs down on rouble gas payments ($BBG)

Remote workers balk at return to office ($WSJ)

CHINA’s coal production climbed by almost +12% in the first four months of the year compared with the same period in 2021, as the government ordered miners to maximise output to reduce the risk of electricity shortages and cut dependence on imports from Australia:

U.S. TRANSPORTATION SERVICES (freight, post and passengers) prices increased at an annualised rate of almost +47% in the three months from January to April – as the supply chain remained under pressure and fuel costs surged after Russia’s invasion of Ukraine and sanctions imposed in response:

U.S. CONSUMER SENTIMENT has weakened sharply this month and has fallen to levels consistent with a recession in the past:

TO RECEIVE best in energy and my research via email every day, you can add your email to the circulation list here: https://eepurl.com/dxTcl1

Best in Energy – 30 March 2022

Germany issues early warning of possible gas rationing

Russia tells Europe to find roubles for export payments

Russia’s oil export system handles third-country crude

EU gas oil storage rates fall to record low as stocks drop

U.S. recession inevitable says former Fed official ($BBG)

Russia’s alternative domestic payments system ($WSJ)

U.S. consumers switch brands to offset inflation ($WSJ)

Spain’s inflation rate nears 10% ($BBG)

India’s coal inventories under pressure

CHINA’s Lower Yangtze mega-region, home to more than 225 million people, has experienced an exceptionally mild winter, especially since late February. Cumulative heating demand at Nanjing has been 14.5% below normal so far, implying large savings in gas, coal and electricity consumption, and limiting upward pressure on international LNG and coal prices:

To receive best in energy plus my research notes by email every day, you can add your email to the circulation list here: https://eepurl.com/dxTcl1