India’s coal producers see booming fuel demand
China’s massive deployment of wind generation
Northwest Europe forecast cold winter end ($BBG)
India heatwave boosts power use to record ($BBG)
U.S. consumer confidence and expenditure ($BBG)
U.S. shale firms squeezed by escalating costs ($FT)
Colorado refinery shut after cold weather damage
U.S. electricians in increasing demand ($WSJ)
Russia/China nuclear cooperation ($BBG)
Central banks fear impact of rising wages ($FT)
CHINA’s manufacturers reported the most widespread rise in business activity for over a decade as the economy rebounded after the end of coronavirus lockdowns and the passing of the epidemic’s exit wave. The official purchasing managers’ index surged to 52.6 in February, the highest since April 2012, and up from just 50.1 in January 2023 and 47.0 in December 2022. The index was in the 96th percentile for all months since 2011 pointing to a very broad upturn in activity:
NORTHWEST EUROPE is more than three-quarters of the way through the heating season. Frankfurt in Germany has experienced 1,377 heating degree days so far this winter compared with a long-term seasonal average of 1,673, a deficit of almost 18%, reducing heating demand and easing the pressure on gas inventories and prices:
JKempEnergy.com 