China’s economy descended deeper into a Covid-19-induced doldrums last month, raising questions about whether Beijing’s planned stimulus measures can prevent a prolonged downturn. Consumer spending and factory output tumbled in Continue Reading
China’s crude throughput slumped 10.5% year on year to a two-year low of 12.66 million b/d, or 51.81 million mt in April, as COVID-19 resurgence hurt oil demand, the National Continue Reading
North Korea has mobilized its military to distribute COVID medications and deployed more than 10,000 health workers to help trace potential patients, as it fights a sweeping coronavirus wave, state Continue Reading
As China’s rainy season starts, National Climate Center forecasts show that flooding in the north and south of the country could be as bad as last summer when torrential rain Continue Reading
America’s shale oil companies are enjoying a cash bonanza, as soaring oil prices and months of capital restraint transform the fortunes and balance sheets of a sector once notorious for Continue Reading
U.S. gasoline demand is resilient despite all-time high prices. As of May 16, the nationwide average price of a gallon of regular gasoline was $4.483. Gasoline demand in the United Continue Reading
Highlights Lithium-ion to be used for short duration Increased power price volatility expected Cost and limits on the availability of key materials currently used in battery manufacture have set a Continue Reading
The EIA’s newest Henry Hub forecasts mark a notable increase to the organization’s previous projections. The U.S. Energy Information Administration (EIA) expects the Henry Hub natural gas spot price to Continue Reading
The invasion of Ukraine has put the US and Europe on a wartime mission to abandon Russian fossil fuels. This series looks at speeding up zero-carbon alternatives by lowering political Continue Reading
Highlights Summer-winter spreads just 10-15 cents at Eastern Gas Strong spot, near-term demand boosting summer prices Northeast gas storage 80 Bcf below average in mid-May Narrowing summer-to-winter forward price spreads Continue Reading
