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India Produced Record Amounts Of Electricity From Coal In October
India Produced Record Amounts Of Electricity From Coal In October India produced a record amount of electricity from coal in October to make up for a shortfall in hydro generation following lower-than-normal monsoon rains. Coal remains fundamental to the country’s energy security, despite rapid deployment of wind and solar generation, underscoring the challenge of reducing […]
EU Prepares Public For Winter Gas Siege
EU Prepares Public For Winter Gas Siege European Union policymakers have started to prepare the public for siege conditions this winter if gas supplies from Russia are completely cut, an effort to demonstrate diplomatic resolve as well as avoid panic later in the year. In recent weeks, officials from Germany and other EU member states […]
Widespread US Diesel Shortages Send Crack Spreads To Mindblowing Highs
Widespread US Diesel Shortages Send Crack Spreads To Mindblowing Highs Global stocks of refined petroleum products have fallen to critically low levels as refineries prove unable to keep up with surging demand especially for the diesel-like fuels used in manufacturing and freight transportation. The result has been a surge in prices refiners receive for selling […]
US Gas Prices Soar As Europe And Asia Scramble For LNG
US Gas Prices Soar As Europe And Asia Scramble For LNG U.S. gas prices have surged to the highest level in real terms since the financial crisis in 2008 as strong demand for LNG from buyers in Europe and Asia puts pressure on inventories. Front-month futures for gas delivered to Henry Hub in Louisiana are […]
India Facing Widespread Blackouts This Summer
India Facing Widespread Blackouts This Summer India faces a persistent shortage of electricity over the next four months as rapid demand growth from air conditioners overwhelms the available generation on the network. India’s grid reported a record load of 200,570 megawatts on July 7, 2021, at the height of last summer, according to the National […]
Global Oil Inventories Are Exceptionally Tight: Kemp
Global Oil Inventories Are Exceptionally Tight: Kemp Global petroleum inventories are the tightest for years in a sign the market is overheating, as the global economy recovers rapidly from the coronavirus pandemic and major oil producers refuse to increase output faster. Commercial inventories held in the countries of the Organisation for Economic Co-operation and Development […]
Kemp: Forget Russian Intentions, Fundamentals Drove Up Europe’s Gas Price
Kemp: Forget Russian Intentions, Fundamentals Drove Up Europe’s Gas Price European policymakers and some traders blame Russia for the low volume of gas stored across the region which has sent both gas and electricity prices surging to record highs. Russia’s pipeline gas export monopoly Gazprom has met commitments for long-term contracts, its clients confirm. But […]
Europe’s Gas Prices Surge To Avert Risk Of Winter Shortage
Europe’s Gas Prices Surge To Avert Risk Of Winter Shortage Europe’s gas and electricity prices are setting record highs on a daily basis and rising at an accelerating rate as the market tries to destroy enough demand to protect depleted inventories ahead of the winter. Gas storage sites in the European Union and United Kingdom are currently just under […]
The Electrical Grid Is Becoming Increasingly Vulnerable To Catastrophic Failure
The Electrical Grid Is Becoming Increasingly Vulnerable To Catastrophic Failure Future electricity systems must be made more resilient Prolonged blackouts in Louisiana following Hurricane Ida are a reminder the power grid needs to become more resilient as well as reliable if even more services such as electric vehicles are going to depend on it in future. The electricity system […]
Oil Demand Growth Could Start To Soften Soon
Oil Demand Growth Could Start To Soften Soon OPEC may tout the production cuts pact as the key driver of oil market rebalancing, but if it weren’t for the strong global oil demand growth of the past three years, we wouldn’t have seen international agencies calling the end of the oil glut. Demand was strong […]