India requests coal-fired generators stay in service
India plans to order maximum coal-fired generation
Jet fuel prices surge on post-pandemic consumption
Asia’s seaborne coal prices slip on plentiful supplies
Russia/Ukraine: which side does time favour? ($WSJ)
BP publishes revised energy outlook through 2050
EU gas price cap sparks plan to shift TTF to London
Israel/Iran drone attack ($WSJ)
EUROPE’s gas futures summer-winter calendar spread for July 2023 to January 2024 has slumped into an increasingly wide contango as traders anticipate a record carryover over inventories from winter 2022/23 which will leave the storage system short on space. Lower gas prices in summer 2023 will encourage more consumption by power generators and major industrial users. Higher prices may still be needed to restrain consumption during the peak of next winter:

U.S. OIL DRILLING has started to slow in response to the fall in prices since the middle of 2022. The number of rigs drilling for oil was just 609 on January 27 down from a cyclical high of 627 on December 2:

