JKempEnergy
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BRENT calendar spreads have contracted sharply, a sign traders anticipate more oil will be available in the second half of the year owing to a tariff-driven slowdown in the global economy and the surprise decision by OPEC⁺ to accelerate scheduled output increases:
April 4, 2025 at 10:38 AM
BRENT calendar spreads have contracted sharply, a sign traders anticipate more oil will be available in the second half of the year owing to a tariff-driven slowdown in the global economy and the surprise decision by OPEC⁺ to accelerate scheduled output increases:
EUROPE’s gas storage sites ended the main winter heating season less than 34% full on March 31. Colder temperatures and lower wind generation boosted gas consumption resulting in the largest inventory depletion for four years:
April 3, 2025 at 10:04 AM
EUROPE’s gas storage sites ended the main winter heating season less than 34% full on March 31. Colder temperatures and lower wind generation boosted gas consumption resulting in the largest inventory depletion for four years:
OIL FUTURES attract fund buying despite trade war jitters: jkempenergy.com/2025/03/31/o...
March 31, 2025 at 4:24 PM
OIL FUTURES attract fund buying despite trade war jitters: jkempenergy.com/2025/03/31/o...
GLOBAL INDUSTRIAL PRODUCTION was rising at an accelerating rate at the start of the year, a sign of a strengthening cyclical recovery. Global production was up 2.7% in January 2025 compared with the same month in 2024, the fastest increase for more than two years since October 2022:
March 28, 2025 at 11:20 AM
GLOBAL INDUSTRIAL PRODUCTION was rising at an accelerating rate at the start of the year, a sign of a strengthening cyclical recovery. Global production was up 2.7% in January 2025 compared with the same month in 2024, the fastest increase for more than two years since October 2022:
EUROPE’s gas futures calendar spread from summer 2025 to winter 2025/26 has softened near to its lowest in five months as fears about a scramble to refill storage this summer recede:
March 28, 2025 at 11:19 AM
EUROPE’s gas futures calendar spread from summer 2025 to winter 2025/26 has softened near to its lowest in five months as fears about a scramble to refill storage this summer recede:
CHINA’s LNG imports slowed to 10.6 million tonnes in the first two months of 2025, down from 13.2 million in the same period of 2024, and the slowest for the time of year since 2018:
March 26, 2025 at 11:24 AM
CHINA’s LNG imports slowed to 10.6 million tonnes in the first two months of 2025, down from 13.2 million in the same period of 2024, and the slowest for the time of year since 2018:
CHINA’s long-distance passenger transport has increasingly moved onto the high-speed rail network and aviation and away from the roads:
March 25, 2025 at 12:20 PM
CHINA’s long-distance passenger transport has increasingly moved onto the high-speed rail network and aviation and away from the roads:
CHINA’s coal production increased to a seasonal record 765 million tonnes in the first two months of 2025 up from 705 million in the same period in 2024 and 734 million in 2023:
March 24, 2025 at 11:11 AM
CHINA’s coal production increased to a seasonal record 765 million tonnes in the first two months of 2025 up from 705 million in the same period in 2024 and 734 million in 2023:
U.S. VEHICLE miles travelled increased to 251 billion in January 2025, the highest for the time of year since before the onset of the pandemic in 2020. But traffic volumes have increased at an annual rate of less than 0.2% over the last six years, cotributing to the slowdown in fuel consumption:
March 24, 2025 at 11:11 AM
U.S. VEHICLE miles travelled increased to 251 billion in January 2025, the highest for the time of year since before the onset of the pandemic in 2020. But traffic volumes have increased at an annual rate of less than 0.2% over the last six years, cotributing to the slowdown in fuel consumption:
CHINA set to miss energy efficiency target: jkempenergy.com/2025/03/13/c...
March 14, 2025 at 9:26 AM
CHINA set to miss energy efficiency target: jkempenergy.com/2025/03/13/c...
INVESTMENT MANAGERS sold the equivalent of another 48 terawatt-hours of futures and options on European gas over the seven days ending on March 7. Sales over the latest four weeks have totalled 166 TWh.
March 13, 2025 at 11:12 AM
INVESTMENT MANAGERS sold the equivalent of another 48 terawatt-hours of futures and options on European gas over the seven days ending on March 7. Sales over the latest four weeks have totalled 166 TWh.
INDIA’s petroleum consumption has lost momentum since the fourth quarter of 2024. The country has replaced China as the fastest source of global consumption growth so the loss of momentum has contributed to downward pressure on prices.
March 12, 2025 at 11:49 AM
INDIA’s petroleum consumption has lost momentum since the fourth quarter of 2024. The country has replaced China as the fastest source of global consumption growth so the loss of momentum has contributed to downward pressure on prices.
EUROPE’s gas storage facilities were 38% full on March 3, with just under one month of winter depletion likely ahead. Storage was below 62% full on the same date in 2024 and the ten-year seasonal average of 42%
March 5, 2025 at 10:42 AM
EUROPE’s gas storage facilities were 38% full on March 3, with just under one month of winter depletion likely ahead. Storage was below 62% full on the same date in 2024 and the ten-year seasonal average of 42%
U.S. HEATING DEMAND so far this winter has been the highest for six years since 2018/19. The number of population-weighted heating degree days has been 6% higher than last winter and 3% above the prior ten-year seasonal average, accelerating the depletion of gas inventories:
March 4, 2025 at 11:38 AM
U.S. HEATING DEMAND so far this winter has been the highest for six years since 2018/19. The number of population-weighted heating degree days has been 6% higher than last winter and 3% above the prior ten-year seasonal average, accelerating the depletion of gas inventories:
INDIA's coal-fired generation hit a record high in 2024 - illustrating the difficulty of phasing down fossil fuels in developing economies with fast-growing electricity demand: jkempenergy.com/2025/02/26/i...
February 27, 2025 at 11:10 AM
INDIA's coal-fired generation hit a record high in 2024 - illustrating the difficulty of phasing down fossil fuels in developing economies with fast-growing electricity demand: jkempenergy.com/2025/02/26/i...
U.S. CRUDE INVENTORIES at the NYMEX delivery point in Cushing showed a sustained and unusual rise in the first three weeks of February. Stocks increased by 3.6 million barrels, the largest seasonal rise since 2019, and compared with a prior ten-year average of 0.3 million:
February 27, 2025 at 11:07 AM
U.S. CRUDE INVENTORIES at the NYMEX delivery point in Cushing showed a sustained and unusual rise in the first three weeks of February. Stocks increased by 3.6 million barrels, the largest seasonal rise since 2019, and compared with a prior ten-year average of 0.3 million:
NORTH ATLANTIC OSCILLATION has entered a strongly positive phase ensuring the polar front jet stream takes a more northerly track and bringing lots of warm, wet and windy weather to Northwest Europe:
February 26, 2025 at 11:16 AM
NORTH ATLANTIC OSCILLATION has entered a strongly positive phase ensuring the polar front jet stream takes a more northerly track and bringing lots of warm, wet and windy weather to Northwest Europe:
EUROPE’s gas futures calendar spread between the summer of 2025 and the winter of 2025/26 has collapsed as traders anticipate warmer weather and reduced inventory depletion in March as well as the relaxation of summer refill targets:
February 26, 2025 at 11:16 AM
EUROPE’s gas futures calendar spread between the summer of 2025 and the winter of 2025/26 has collapsed as traders anticipate warmer weather and reduced inventory depletion in March as well as the relaxation of summer refill targets:
U.S. MANUFACTURERS reported production was essentially unchanged in the three months from November to January compared with the same period a year earlier. There has been no net growth in manufacturing production for eleven years since early 2014:
February 25, 2025 at 11:10 AM
U.S. MANUFACTURERS reported production was essentially unchanged in the three months from November to January compared with the same period a year earlier. There has been no net growth in manufacturing production for eleven years since early 2014:
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February 24, 2025 at 5:12 PM
IF YOU would like to receive a free daily digest of best in energy news + my own newsletter, you can add your email to the circulation list via my website: jkempenergy.com/mailing-list/
HEDGE FUNDS build biggest bullish position in U.S. gas since 2017: jkempenergy.com/2025/02/24/h...
February 24, 2025 at 5:10 PM
HEDGE FUNDS build biggest bullish position in U.S. gas since 2017: jkempenergy.com/2025/02/24/h...
EUROPE’s gas storage sites have depleted at the fastest rate since the winter of 2020/21 and before that 2016/17. Storage sites were less than 43% full on February 18 compared with 65% full on the same date a year ago and a seasonal average of almost 47% in the last decade:
February 20, 2025 at 11:19 AM
EUROPE’s gas storage sites have depleted at the fastest rate since the winter of 2020/21 and before that 2016/17. Storage sites were less than 43% full on February 18 compared with 65% full on the same date a year ago and a seasonal average of almost 47% in the last decade:
INVESTMENT FUNDS sold the equivalent of 34 terawatt-hours of futures and options based on European gas prices over the seven days ending on February 14, the largest weekly sale for 15 months. But it came after fund managers boosted their net long position to a near-record 292 TWh the week before
February 19, 2025 at 11:15 AM
INVESTMENT FUNDS sold the equivalent of 34 terawatt-hours of futures and options based on European gas prices over the seven days ending on February 14, the largest weekly sale for 15 months. But it came after fund managers boosted their net long position to a near-record 292 TWh the week before
IF YOU would like to receive a free daily digest of best in energy news + my own research notes, you can add your email to the circulation list here: jkempenergy.com/mailing-list/
February 19, 2025 at 7:29 AM
IF YOU would like to receive a free daily digest of best in energy news + my own research notes, you can add your email to the circulation list here: jkempenergy.com/mailing-list/
HEDGE FUNDS turn away from U.S. crude after China imposes tariffs: jkempenergy.com/2025/02/17/h...
February 18, 2025 at 9:40 AM
HEDGE FUNDS turn away from U.S. crude after China imposes tariffs: jkempenergy.com/2025/02/17/h...