Tag: nuclear generation

Best in Energy – 3 May 2023

U.S. economy starting to show cracks (Reuters)

Retailers struggle with stock control (Reuters)

U.S. shale sector transactions decline (Reuters)

China to expand nuclear generation (Xinhua)

Pakistan plan to buy more Russian crude (FT)

U.S. oil refinery expansion on Gulf Coast (EIA)

U.S. UNEMPLOYMENT insurance claims are starting to rise in a sign the labour market is weakening in response to persistent inflation, rising interest rates and slowing business and consumer spending. The number of people filing for unemployment insurance benefits for the first time has climbed to an average of almost 230,000 per week in the last 13 weeks up from a recent low of 200,000 in the 13 weeks between mid-August and mid-November 2022:

U.S. INTEREST RATE traders had not changed their expectations much by the start of May compared with the start of April. The central bank is expected to raise its federal funds target one more time to 5.00-5.25% by the end of its meeting on June 13-14 up from 4.75-5.00% at present as it combats persistent inflation. Rates are expected to start falling from the fourth quarter onwards as inflation subsides and the business cycle weakens:

Best in Energy – 1 February 2023

South Asia’s LNG buyers express interest after prices fall

France’s nuclear generators key for power prices in 2023

India to boost government capital spending in 2023/24

U.S. refiners predict high margins on Russian sanctions

U.S. road haulage firms see recovery in late 2023  ($WSJ)

Greek tankers resume shipments of Russian oil

Pakistan prepares for IMF loan – or debt default

U.S. gas consumption hit record on December 23

Freeport LNG requests authorisation to restart one unit

U.S. CRUDE OIL including condensates production fell by -35,000 b/d to 12.38 million b/d in November compared with October. But production was up by +585,000 b/d (+5.0%) compared with the same month a year earlier. Annual growth levelled off at around +600,000 b/d for most of 2022: