Alan Struth News Today

From increased inflation to US banks going bust and weakened demand for diesel, several factors have intensified fears of a recession in the United States. Experts say a recession remains ‘likely’ this year and that the Federal Reserve is in a tight spot

The EIA has forecast that US consumption of gas will keep falling, and any drop in demand is significant in the worlds biggest single market for the oil product.

The EIA has forecast that US consumption of gas will keep falling, and any drop in demand is significant in the world's biggest single market for the oil product.

This week we kick off with Chinese energy and commodity trends: in power generation, renewable share has grown at the expense of thermal, while steel markets are looking for signs of improving demand. Plus, a look at the pattern of US energy costs and recessions, and California low-carbon power generation. 1. China’s use of thermal ...

Russia will increasingly use barter and specific currency transactions for energy supplies, an S&P Global Commodity Insights analyst said May 24, as a default looms for billions of dollars in foreign currency reserves if the US allows a key waiver to expire May 25. “Ultimately, Russia is likely to see its financial system backed by ...

US refinery margins softened for the week ended Nov. 19, despite a fall-off in crude prices, partly on lower demand for gasoline due the increase in coronavirus cases and high prices, an analysis from S&P Global Platts showed Nov. 23. US gasoline demand for the week ended Nov. 12 dipped 18,000 b/d to 9.241 million ...

Refining margins are finally seeing support from jet fuel demand growth, an analysis from S&P Global Platts showed June 1, with travelers taking to the sky amid increasing coronavirus vaccinations after prolonged lockdowns. Add in the start of summer holidays for much of the world and jet demand is picking up. The Platts Global Jet ...

Assessing China’s prospects for carbon neutrality Dec 15,2020 - Last updated at Dec 15,2020 By Xu Han, Sebastian Lewis and Shaun Roache   NEW YORK — At the United Nations General Assembly this September, Chinese President Xi Jinping announced that China aims to achieve carbon neutrality by 2060. Given that China has been the planet’s single-largest source of global carbon dioxide emissions in recent years, accounting for about 30 per cent, decarbonisation there could contribute substan...