Best in Energy – 13 October 2022

Saudi Arabia responds to oil cut critics

OPEC trims oil consumption forecasts

Manchin attacks Saudi output cut

OPEC+ cuts risk recession says IEA

Spain to leave Energy Charter Treaty

NORTHWEST EUROPE has had an unusually early start to the winter heating season. Temperatures at Frankfurt-am-Main were consistently below the long-term average from the middle of September until early October, boosting gas and electricity consumption:

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Best in Energy – 3 October 2022

[MUST READ] Shipping lines cancel dozens of sailings ($WSJ)

United States cannot avert dollar’s rise ($WSJ)

Central banks and “fiscal dominance” ($WSJ)

OPEC+ discusses output cuts to support prices

Europe’s refiners plan extensive maintenance

Permian Basin oil well productivity still rising

Europe gas use still unsustainably high ($BBG)

Emerging markets hit by capital outflow ($FT)

NORTHWEST EUROPE faces the first test of whether it can lower energy consumption this winter. After warmer than normal temperatures in the first half of September, temperatures were below average in the second half, creating the first significant heating demand earlier than normal:

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