Energy News Beat Data source: China General Administration of Customs, Bloomberg L.P. Slower oil demand growth in 2024 led to less crude oil processed by China’s refineries and fewer crude oil imports compared with the record high set in 2023. China, the world’s largest importer of crude oil, received 11.1 million barrels per day (b/d) in 2024, […]
Energy News Beat Weekly Daily Standup Top Stories The End of Coal Is Nowhere In Sight February 17, 2025 Clark Savage Retirement of coal-fired power plants in the West has done nothing to reverse global coal demand. Global coal consumption is set to remain at these high levels—or even hit new all-time highs—for a few more […] […]
Energy News Beat Long-term yields matter more to the economy than the Fed’s short-term policy rates; hence the efforts to push them down. By Wolf Richter for WOLF STREET. The 10-year Treasury yield dropped by 8 basis points on Friday, to 4.43%, perhaps inspired by iffy feelings elsewhere as stocks careened lower and investors sought safety. Since January […]
Energy News Beat Demand destruction because prices are too high after the 50% price explosion during the pandemic. By Wolf Richter for WOLF STREET. Demand in the resale market just keeps getting crushed after every little sign of green shoots. Sales of existing single-family houses, townhouses, condos, and co-ops that closed in January dropped by 4.9% from December, […]
Energy News Beat The United States will not lift any sanctions on Russia unless Moscow noticeably changes its behavior, U.S. Secretary of State Marco Rubio told European leaders in a call after the U.S.-Russia meeting in Riyadh. European leaders are concerned that they are being left out of talks and of the apparent major pivot […]
Energy News Beat Subsea cables channel data and power, but they face escalating risks. By Jared Cohen, the president of global affairs at Goldman Sachs and co-head of the Goldman Sachs Global Institute. The artificial intelligence-powered economy has a massive vulnerability: the ocean. The digital world is connected by subsea cables, a roughly 750,000-mile […]
Energy News Beat EM-DAT data challenges claims that climate-related disasters are rising, contradicting MSM and IPCC narratives on CO2 emissions and extreme weather. In previous articles, I’ve delved into the discourse surrounding climate-related natural disasters and their purported increase due to rising greenhouse gas emissions. [emphasis, links added] Today, I aim to update this […]
Energy News Beat Trump froze trillions in funding, leaving green energy projects floundering and causing panic among media and green groups. President Donald Trump froze trillions of dollars in funding last month. Federal court rulings temporarily paused some of Trump’s orders, but numerous reports say if taxpayer funding is ultimately terminated, renewable projects will be […]
Energy News Beat Many people in Europe either do not know, or forget that the Norwegian hydro system is not a pumped system. This means that when the water runs out it is no longer available to serve domestic customers. The lack of pumping (only 1.4 GW of the 33 GW system has any pumps […]
Energy News Beat Cheniere’s Corpus Christi plant currently liquefies natural gas at three operational trains, each with a capacity of about 5 mtpa. In addition, Cheniere just produced the first cargo at the Corpus Christi Stage 3 expansion project in Texas. This project includes building seven midscale trains, each with an expected liquefaction capacity of […]
