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Tag Archives: electric power

Commodity Tracker: 5 charts to watch this week

How is energy demand faring across different sectors and regions amid the evolving coronavirus pandemic? In this week’s Commodity Tracker, S&P Global Platts editors look at global aviation, Chinese fuels consumption, Brazilian power demand and European refining, as well as US LNG output. 1. Lift in air travel helps jet fuel but demand still far from normal   What’s happening? Global aviation continues to recover and global kerosene/jet fuel demand is tracking the pattern...

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California’s new clean car goal faces roadblocks, starting with election: Fuel for Thought

In California, greenhouse gas emissions produced by this year’s record-breaking wildfire season have climbed past the industrial, power and residential emissions categories and could even overtake transportation as the top polluter, according to estimates by S&P Global Platts Analytics. The scale and devastation of the California wildfires have also added urgency to the state government’s climate priorities, with the latest measure targeting that top emitter, cars. Governor...

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Commodity Tracker: 6 charts to watch this week

Libyan oil flows have resumed but their stability remains uncertain, while India’s coal powered generation has dipped, granting gains to renewables. S&P Global Platts editors and analysts also discuss the latest Chinese actions on coal imports, Norwegian gas flows to Europe, and separate challenges faced by power markets in the UK and California. 1. Libya’s fragile oil return complicates market outlook   Click to enlarge What’s happening? Light sweet Libyan crude is starting to...

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Commodity Tracker: 5 charts to watch this week

The global oil supply path into 2021 is in focus this week, along with the impact of storms on US  oil output. Away from oil, we also survey they outlook for LNG demand in Asia and the European power mix, and look at the key factors driving the copper market. 1. OPEC+ compliance, Libya output to drive global oil supply growth in Q4   What’s happening? Global oil supply has increased by 3.6 million b/d from July through September after dropping more than 13 million b/d from April to...

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Commodity Tracker: 4 charts to watch this week

This week’s Commodity Tracker kicks off with a look at easing stocks of refined oil products at the Middle East’s biggest storage hub of Fujairah, as well as the prospects for gas supply in Europe over winter amid bulging storages. The return of 2.7 GW of capacity to the German and Dutch power markets goes some way to easing fears of shortages with French nuclear capacity low, and European steel plants are eyeing up improved margins for 2021. 1. Fujairah oil stocks drop to eight-month low as...

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Gulf Arab countries speed ahead with renewables projects despite fossil fuels boon

Gulf Arab countries are forging ahead with renewable projects despite an abundance of fossil fuels and the coronavirus pandemic. Record-low tariffs and plans to reduce dependence on crude oil and natural gas as feedstock for power and energy-intensive water desalination plants are the main factors behind the rapid development of renewables in the region. The renewable power sector was the only energy source to grow its share of the power market globally during the pandemic, while oil,...

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Insight from Shanghai: China chases new economic model with high-tech infrastructure push

Walking down a street right now in Shanghai, one would be forgiven for thinking the pandemic never happened. At times it’s hard even to spot someone wearing a mask. Dig a little deeper, though, and it’s clear that recent events have had a profound impact on the Chinese economy. Foreign investment and exports turbocharged the Chinese economy for nearly two decades after China entered the WTO. But now things have changed. The pandemic has underlined how important exports are to the Chinese...

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US gas-to-coal switching to boost coal consumption, help trim stocks

Despite a long-term trend of coal power plant closures, and dented energy demand more recently due to the coronavirus crisis, upside for coal has been materializing in the US as gas-fired generators reacted to higher prices in the summer months and coal regained some market share lost in 2019. S&P Global Platts Analytics expects coal generation and production to ramp up through the rest of 2020. Platts Analytics projects the combination of seasonal demand patterns, recovering power...

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The path to net zero: oil majors’ transition strategies and capital spending

This year may be remembered as a tipping point for the oil and gas industry. In the midst of a global pandemic and economic lockdown that are expected to wipe out over 8 million b/d of oil demand, producers have slashed capital spending to the lowest in 15 years. Crude and condensate output is forecast to fall 7% year on year, dipping below 80 million b/d, and oil prices in late August remained around $20/b below 2019 average levels. In almost any other year, these cuts to capital spending...

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Commodity Tracker: 4 charts to watch this week

A hike in rhodium prices, South Korean nuclear availability and European power prices are all in the mix in this week’s selection of trends to watch in energy and raw materials markets. 1. Will supply-constrained rhodium see more upside after all-time high?   What’s happening? After a period of lower prices in the first and second quarter of 2020 as lockdowns and low automotive production weighed on demand, the rhodium market once again picked up the bullish streak seen early...

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