Tag: statistics

Best in Energy – 6 March 2023

Automakers want to secure EV supply chain

China focuses on coal’s role in energy security

EIA blames oil blending for adjustment factor

EU firms relaxed about U.S. climate subsidies

U.S. downturn confined to tech sector? ($WSJ)

India’s loss-making Mundra power plant ($BBG)

EUROPE’s gas futures prices continue to slide despite a blast of colder weather across the northwest this week reflecting the high level of inventories. Front-month futures prices closed below €45 per megawatt-hour on March 3 for the first time since August 2021:

U.S. NON-MANUFACTURING firms reported a solid increase in activity in February. The ISM non-manufacturing index stood at 55.1 (40th percentile for all months since 1997) in February, little changed from January, but up from 49.2 (7th percentile) in December. The low December reading is starting to look like an anomaly. Service providers and other non-manufacturing businesses are reporting healthier conditions than their counterparts in manufacturing and freight:

U.S. OIL DRILLING activity continued to decelerate with the number of active rigs down -8 to 592 over the week ending on March 3. The oil-directed rig count has fallen in 10 of the last 13 weeks by a total of 35 rigs (-6%):

Best in Energy – 28 February 2023

Russia’s oil export revenue and sanctions impact

Japan’s opposition to nuclear power falls ($BBG)

BP transfers statistical review to new publisher

Lithium prices tumble as bubble bursts

China’s pensions and population ageing

Yemen’s stricken oil storage tanker ($FT)

GLOBAL INDUSTRIAL PRODUCTION was essentially flat in December 2022 compared with December 2021, as output deteriorated through the latter part of 2022 in response to rising inflation, faltering consumer and business purchases of merchandise, and efforts to reduce excess inventories. Output growth has slowed to rates consistent with the onset of recessions in 2001, 2008 and 2020, though also with mid-cycle slowdowns in 2012 and 2015 from which the economy re-accelerated: