India starts rationing gas to industrial users
Australia grapples with pricing for domestic gas
Baker Hughes plan to sell Russia unit to insiders
Rosatom tightens grip on nuclear energy ($BBG)
China focuses on energy indigenisation (trans.)
U.S./Saudi visit: what did Biden achieve? ($BBG)
United Kingdom closes nuclear power generator
EU struggles to balance energy security and transition ($WSJ)
U.S./EU responses to energy security and transition challenges
U.S. MANUFACTURERS reported a further slight deceleration in growth last month, with the ISM purchasing managers’ index slipping to 52.8 in July (50th percentile for all months since 1980) from 53.0 in June (53rd percentile). New orders fell for the second month running, slightly faster in July (48.0, 14th percentile) than June (49.2, 17th percentile), implying business activity will slow further over the next few months:
U.S. DISTILLATE CONSUMPTION has begun to fall in line with the deceleration in manufacturing activity. The volume of distillate supplied was down -0.4% in March-May compared with the same period a year earlier. Distillates are the most cyclically sensitive part of the oil market, so the business cycle slowdown is filtering through into lower fuel use, part of the market rebalancing process:
IF YOU would like to receive best in energy plus my research notes every day, you can add your email to the circulation list here: https://eepurl.com/dxTcl1
JKempEnergy.com 