This is an ongoing thread about the global energy crisis. As the crisis unfolds, we will update here.
Today, a Financial Times @FT article reports on China's electricity crisis further disrupting the global supply chain h/t @JKempEnergy ft.com/content/5174e5…
And Switzerland warns "big" firms they may need to cut their electricity usage @chigrl bloomberg.com/news/articles/…
And a member of the @JoeBiden administration and former @McKinsey consultant @PeteButtigieg says supply chain disruptions will continue "because the president has successfully guided the economy"
And @Forbes addressed the impact of global supply chain gridlock, including energy markets forbes.com/sites/davidbla…
Potential unseasonably cold weather coming in eastern Asia could exacerbate the energy crisis situation there. H/t @pineconemacro
Chinese companies are now bidding for long term US natural gas supplies, offering a 115% premium to the main benchmark Henry Hub price
And Indian coal inventories are at very low levels cnbc.com/2021/10/12/coa…
Low copper inventories in China could require energy intensive re-stocking and further strain tight energy markets
Policy makers including @ecb's @Lagarde and @MikeBloomberg misidentifying the reason to keep coal mines open while ignoring the ongoing energy crisis: energy reliability and availability, particularly for the poorest in the world.
Chinese thermal coal limit up h/t @pineconemacro
Japan urging oil producers to produce more reuters.com/article/japan-…
LNG prices hit fresh highs as Europe imports additional shipments. $34 implies over $200/barrel of oil equivalent
European natural gas prices up 18% after Russia announced it will be limiting it's natural gas supply next month
Early freeze exacerbates the energy crisis in China
Behind the Energy Crisis: Fossil Fuel Investment Drops, and Renewables Aren’t Ready.
The transition to cleaner energy sources isn’t far enough along to meet a surge in demand. WSJ
wsj.com/articles/energ…
Energy crisis returning the world to coal
"Revenge of the old economy" - Goldman
And now our coverage of the global energy crisis overlaps with our OPEC+ spare capacity thesis
Goldman: energy crisis adds second legs higher to current bull market
"Extremely tough" climate talks forthcoming. More fuel for the energy crisis?
Chinese coal prices rise even more. High power prices are hurting China's economy.
reuters.com/business/energ…
China pauses fertilizer exports
Now LNG tanker rates are spiking
IHS: Propane Armageddon coming this winter #propane @IHSMarkit
Petrobas seeing "atypical" demand for oil products that exceeds their production capacity h/t @chigrl
Russia openly makes incremental gas supply contingent on approval of Nordstream 2
China evaluating intervening in their coal market
China furthering connection between energy crisis and potential future food shortage bloomberg.com/news/articles/…
World oil inventories plunging
Magnesium price spikes as #china's power crisis reduces exports of this key component of #aluminum and #car manufacturing
UK may ration energy to homes
China to double #lng imports from the US
India asking for 50 LNG shipments retroactively
Supermarkets running out of food with hoarding activity taking place, as global energy crisis spills into other segments like food
Coal prices near historical highs despite China market intervention
India seeking fixed price contracts for oil amidst the global energy crisis
Power squeeze in China continues even as spot coal prices fall
Ironic for an energy crisis to be propelled partially by a legacy of corruption
Does "stay calm" about energy the signal mean to ...? Indication the energy crisis in Germany is intensifying.
Thoughts on alternative energy, food vs fuel, and energy crisis
Energy crisis and supply chain issues affecting energy transition in China. From Goldman Sachs
The energy crisis is continuing in Germany, with record high one year forward electricity prices
Hedgeye on China energy crisis and coal @Hedgeye @KeithMcCullough #china #coal
Jordan Peterson weighing in on the energy crisis @jordanbpeterson
France is subsidizing higher energy costs with a direct stimulus. Coming soon worldwide? Is this the next step towards hyper-inflation? #inflation #energy #crisis #france #projectzimbabwe @hkuppy
The above link isn't working for some. The source is: lemonde.fr/politique/arti… and an image of the headline is included as well
China navigating the energy crisis
Nigirian rural gas users are switching back to cooking with firewood due to price increases
Funny things happening in the Chinese coal market
Japan is prepared for winter with high levels of natural gas in storage. No energy crisis here, yet.
Magnesium "going berserk" amid "energy crunch"
"Double inflationary" Chinese energy "crunch"
Energy crisis leading to food crisis as fertilizer prices skyrocket
More commodity inflation commentary
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