EU’s Russia coal ban upends market ($BBG)
U.S. SPR sales and impact on oil prices
Nigeria power grid collapses for second time
Germany expects “brief spike” in coal costs
Germany to help firms hit by sanctions ($FT)
EU divided on Russia energy embargo ($FT)
EU divided on Russia oil import ban ($WSJ)
Biomass supplies hit by Russia conflict ($FT)
U.S. transport firms raise fuel surcharges ($WSJ)
Japan orders gas companies to boost inventories
EU/Japan competition for energy imports ($FT)
China’s grain supply threatened by covid ($BBG)
U.S. nuclear generation fell in 2020 and 2021
China accelerates nuclear armament ($WSJ)
U.S. OIL AND GAS producers added +16 new rigs last week with increases in both oil (+13) and gas (+3). The total number of active rigs climbed to 689, up from a cyclical low of 244 in August 2020 but below the pre-pandemic level of 793 in early March 2020:
U.S. NET GAS EXPORTS averaged 332 billion cubic feet per month in the three months from November to January compared with 294 billion in the same period a year earlier, as a result of the growth in liquefaction capacity and strong demand from Europe and Asia:
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