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Tag Archives: electricity

Commodity Tracker: 6 charts to watch this week

Nuclear generation in the US and France faces contrasting challenges of power market prices and safety concerns, as this week’s graphics show. Other top trends picked by S&P Global Platts editors include China’s falling LNG imports, stuttering gold prices, refinery margins and coking coal prices. 1. US nuclear sector struggles amid weak power prices…     What’s happening? Across the US Northeast, largely in states with deregulated power markets, nuclear power plants are being...

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Renewable power GO: market looks to new drivers of liquidity and supply

The market for European Guarantees of Origin, or GO, electronic tags that certify the source of renewable electricity, is evolving quickly. S&P Global Platts has been monitoring developments, including the impact of recently-launched French auctions; price dynamics across regions and technologies; and where additional GO supply will come from in the coming years. Here are the key trends that European utilities and other market participants should be following this winter: 1. French...

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Commodity Tracker: 7 charts to watch this week

LNG breaks new records either side of the Atlantic in this week’s pick of energy and commodities trends from S&P Global Platts editors. Plus: US crude imports and refining, German power price dynamics and more. 1. US LNG feedgas demand hits new single-day high…   What’s happening? US LNG feedgas demand is trending near record-high levels again this month as production at both Freeport LNG and Elba Island continue to ramp up. In October, demand from the six US LNG export...

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Booming Asian coal demand to drive exports from North America’s West Coast

Coal demand is declining in the US and Europe, but coal remains the world’s most dominant fuel for power generation. Despite what you may read, the global market for thermal coal continues to gain steam, particularly as Asia builds new coal-fired power plants to charge its growing economies. This year, India is likely to surpass the US as the world’s second largest coal producer, with production in the South Asian country expected to total more than 700 million mt compared with 685 million...

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Commodity Tracker: 5 charts to watch this week

Natural gas is top of our editors’ picks of unfolding commodity trends this week, with Europe’s market responding to oversupply and solid US production giving rise to ample storage. Elsewhere, low US power prices, Germany’s latest plan to step up emissions reductions and soaring nickel prices all feature. 1. Weather forecasts cause wild ride in European gas…     What’s happening? The European gas market is oversupplied, thanks to a global LNG surplus and storage stocks close...

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Commodity Tracker: 6 charts to watch this week

A new production record for Permian basin gas, and rising transport costs for crude oil into Asia, are top of S&P Global Platts editors’ picks this week. Plus: EU renewables output, Egypt’s return to abundant natural gas supply, a US power price spike, and the squeeze on European steel mill margins. 1. Gas pipeline start-up helps Permian output to new highs   What’s happening? Gas production in the Permian Basin of West Texas edged up to a record high in late September,...

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Commodity Tracker: 4 charts to watch this week

Asian demand for light crude oil grades and record US gas exports to Mexico are in the sights of S&P Global Platts editors this week. Plus, European gas price trends and the prospects for German power plant fuel switching. 1. Asian crude buying helps widen spread between light and heavy grades   What’s happening? Asia was quick to respond to the growing uncertainty over Arab Light and Arab Extra Light crude supplies following the September 14 attacks on core Saudi oil...

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US Northeast power markets are unwell. What’s next?

If the electricity markets of the North Eastern US were patients in a hospital, their condition would not be improving, and some might even describe it as critical. New England’s redesigned capacity market, which ran in February under new rules for the first time, closed at a clearing price that was the lowest in six years. The second stage of the auction, designed to accommodate subsidized resources, cleared just 54 MW at $0/kW-m. PJM Interconnection’s energy and capacity markets are both...

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Commodity Tracker: 6 charts to watch this week

Geopolitical risk and oil markets top this week’s pick of energy and commodities themes from S&P Global Platts editors. Plus, Ukraine’s role in European gas supply, steel scrap prices as a bellwether for economies, and a milestone approaches for US LNG exports. 1. Global oil markets on alert after attacks on Saudi oil facilities   Click for full-size infographic What’s happening? Attacks on Saudi Arabian oil facilities at Abaiq and the kingdom’s second-largest oil field,...

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Commodity Tracker: 5 charts to watch this week

Economic indicators spell potential trouble for oil demand, while US gas producers and exporters are feeling the pressure from oversupply on both the domestic and global markets, S&P Global Platts editors explain in our weekly selection of big commodities trends to watch. 1. US treasury yield curve a warning sign for oil demand   What’s happening? The difference between long-term and short-term interest rates, or the slope of the yield curve, has borne a consistent negative...

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