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Tag Archives: electricity

India’s King Coal faces challenge as renewables look to scale up

Coal remains central in the power mix of the developing world, with coal plants still being built across Asia in order to meet rising baseload electricity needs. However, a more challenging macroeconomic environment and slowing power demand growth are raising some questions around the growth of coal even in developing economies. Last year may have marked a turning point in India – a country where coal accounts for over 70% of the power mix – as S&P Global Platts Analytics data shows the...

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Commodity Tracker: 4 charts to watch this week

As oil markets and the wider commodities complex digest the breakdown of the OPEC+ alliance, they are also assessing the demand-side damage wreaked by coronavirus. In the European power sector, it’s the weather that is holding markets in thrall: wind generation continues to smash records as March proves almost as stormy as February. 1. No reprieve for oil markets as OPEC talks flounder   What’s happening? Oil majors will be hoping the carnage on the oil markets doesn’t last too long...

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Commodity Tracker: 5 charts to watch this week

The ongoing outbreak of coronavirus, known officially as COVID-19, continues to dominate commodity and energy market developments, as illustrated by this week’s pick of charts from S&P Global Platts news editors. Plus, key trends in EU and US electricity markets. 1. COVID-19 stalls Chinese workers’ return to manufacturing centers…     What’s happening? China’s coastal provinces are heavily dependent on migrant labour from other provinces. Every year millions of these...

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Commodity Tracker: 6 charts to watch this week

Global gas price convergence tops this week’s pick of energy and commodities charts to watch. Plus: US LNG exports, coronavirus impact on Asian crude oil and bunker fuel trade, emerging European power market dynamics, and global steel price trends. 1. Globalized gas prices race towards rock bottom…     What’s happening? Global gas spot prices have converged again in recent weeks to the downside as the coronavirus outbreak and its impact on Chinese LNG demand adds to...

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US battery storage prospects lifted by policy progress, cost reduction

Battery storage deployment in the US is set for a rapid acceleration from 2020. That is one of the key takeaways from the latest S&P Global Platts Analytics’ US Power Storage Outlook, released to clients on December 18. In addition, while megawatt deployments in 2019 were at 2018 levels, the storage duration of battery storage assets increased in the past years, pointing to new usages. State policies and peaking capacity needs will remain the major drivers of near to medium-term battery...

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Commodity Tracker: 5 charts to watch this week

In this week’s pick of energy and commodities trends, European wind generation storms into 2020 and oil refiners in Asia and Europe feel the impact of US-Iran tensions. Plus, S&P GSCI index performance in 2019 reveals investors’ darlings among commodities.  1. European wind charge sweeps away nuclear concerns     What’s happening? Wind generation records tumbled across Europe last year and 2020 got off to a flying start in week 1 with fresh output highs across...

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EU energy in 2019: a year of unprecedented events

Seemingly any energy industry commentator will claim that any given moment in the energy industry is the most exciting, uncertain, dynamic, unpredictable or unprecedented moment since, well… since the last unprecedented moment. However, rather than being a reflection of groupthink on the part of a whole industry, this obsession with events each more unprecedented than the last is more a reflection of the fast moving, unpredictable and often economic logic-defying nature of the energy sector...

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Source and scale are biggest challenges as hydrogen interest grows

Hydrogen is a fuel for the future, but its use is already well established. In order to harness its full potential to decarbonize energy systems and create a real hydrogen economy, industry and governments will need to scale up investments to move the market forward, write Jeffrey McDonald and Andrew Moore. Japan’s Kawasaki Heavy Industries last week launched the world’s first ocean-going liquid hydrogen vessel, symbolizing the emergence of hydrogen as a potentially transformative fuel, as...

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LNG displaces Atlantic basin pipe gas, but meets resistance in Asia

Liquefied natural gas (LNG) cargoes have displaced pipeline natural gas volumes in the Atlantic Basin throughout 2019, due to historically low spot prices of the shipped fuel. Higher LNG spot market activity has helped unleash some of the commodity’s inherent flexibility. It is inherent because a spot cargo that can move to any importing nation is more flexible than a pipeline whose destinations are fixed. Cargo pricing can therefore regularly have a significant influence on pipeline pricing...

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Commodity Tracker: 5 charts to watch this week

In this week’s pick of energy and commodity charts, Asian jet fuel suppliers feel the pinch from Hong Kong’s weak demand as protests in the city persist. Plus: Fujairah stocks and IMO 2020, global gas exporters meet in Equatorial Guinea, and more. 1. Hong Kong unrest causes jet fuel demand to nosedive     What’s happening? Prolonged political protest in Hong Kong appears likely to continue taking a heavy toll on the city’s oil consumption. Aviation fuel...

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