Henning Gloystein
@hgloy.bsky.social
Managing Director - Energy & Resources at Eurasia Group. London, formerly Singapore. Ex-Reuters. Cautious Optimist.
https://www.eurasiagroup.net/people/hgloystein
https://www.eurasiagroup.net/people/hgloystein
Peak #coal (finally)? 2025 Jan-Oct seaborne thermal coal volumes were lower than than in 2024 and 2023. It's possible this was a economy/weather related dip. Yet given strong growth in #renewables, #storage I reckon coal use for #power generation is in structural decline (i.e. it's peaked). 🤞
November 13, 2025 at 2:17 PM
Peak #coal (finally)? 2025 Jan-Oct seaborne thermal coal volumes were lower than than in 2024 and 2023. It's possible this was a economy/weather related dip. Yet given strong growth in #renewables, #storage I reckon coal use for #power generation is in structural decline (i.e. it's peaked). 🤞
To put it into context, #Ukraine has suffered 1,565 Russian air raids between 1 Sep and 10 Nov 2025 (that’s an average of 22 air raids per day), across all 141 of the country’s districts. 111 of those attacks targeting the capital and biggest city #Kyiv.
If you can help, help.
If you can help, help.
November 11, 2025 at 4:14 PM
#Ukraine has suffered what may be the biggest attacks on its #energy infrastructure that any country has ever endured. #Russia has struck every power station plus its gas production, bringing available capacity to virtually zero–which to my knowledge has never happened to a nation.
November 11, 2025 at 4:14 PM
#EU #coal prices have plunged to around $90/t, the lowest level since May'21 amid a shift to #cleanpower & #renewables. Coal's power share in the EU has plunged from 40% in 1985 to just over 10%. It'll take some time to feed through, but lower fuel import reliance will bring down power costs too.
October 14, 2025 at 9:18 AM
#EU #coal prices have plunged to around $90/t, the lowest level since May'21 amid a shift to #cleanpower & #renewables. Coal's power share in the EU has plunged from 40% in 1985 to just over 10%. It'll take some time to feed through, but lower fuel import reliance will bring down power costs too.
Amazing little moments of serendipity. I bumped into my friend & #EurasiaGroup colleague Scott Young at #Toronto airport today. He was transiting British Columbia/Europe. Me the other way. Had two lovely beers at #AirCanadaCafe
September 29, 2025 at 11:47 PM
Amazing little moments of serendipity. I bumped into my friend & #EurasiaGroup colleague Scott Young at #Toronto airport today. He was transiting British Columbia/Europe. Me the other way. Had two lovely beers at #AirCanadaCafe
#China #US #India #Russia emit more than 50% of all #CO2. The #EU would also be near the top if it were counted as one. That means almost all #emissions come from the northern hemisphere and it explains why the #GlobalSouth demands #ClimateAction must first be taken by those that have emitted most.
September 26, 2025 at 10:57 AM
#China #US #India #Russia emit more than 50% of all #CO2. The #EU would also be near the top if it were counted as one. That means almost all #emissions come from the northern hemisphere and it explains why the #GlobalSouth demands #ClimateAction must first be taken by those that have emitted most.
#Inflation has been a populist enabler in rich countries. It's outpaced #GDP growth for years, so most people have become poorer. It's toxic, esp since the super-rich get richer from equity booms/tax breaks. Gvts must urgently get growth over inflation to prevent a further rise of anger politics.
September 24, 2025 at 4:20 PM
#Inflation has been a populist enabler in rich countries. It's outpaced #GDP growth for years, so most people have become poorer. It's toxic, esp since the super-rich get richer from equity booms/tax breaks. Gvts must urgently get growth over inflation to prevent a further rise of anger politics.
#Oil intensity is falling in big economies (incl #China). It explains why oil demand growth is flatlining. Though there's a big outlier in #SouthKorea, which has taken on petrochemical/refining capacity as others have cut back, overal oil intensity has been declining for 20 years in big economies.
September 8, 2025 at 10:01 AM
#Oil intensity is falling in big economies (incl #China). It explains why oil demand growth is flatlining. Though there's a big outlier in #SouthKorea, which has taken on petrochemical/refining capacity as others have cut back, overal oil intensity has been declining for 20 years in big economies.
#Electricity in #France on 3 Sep averaged -€13/MWh as #solar & #wind output soared. A problem for grid operators (power surges/drops can destabilize them), it signals the solution is to bring on batteries/lines to store/send surplus to times/regions of deficits/high prices. Result: lower avg prices.
September 5, 2025 at 12:31 PM
#Electricity in #France on 3 Sep averaged -€13/MWh as #solar & #wind output soared. A problem for grid operators (power surges/drops can destabilize them), it signals the solution is to bring on batteries/lines to store/send surplus to times/regions of deficits/high prices. Result: lower avg prices.
#China’s demographic peak (it's lost 25 million people sincce 2020) and its green boom since Covid mean its #oil demand has topped out. While #India’s demand will grow, its economy is less oil-thirsty and also greening so won't make up for China’s drop. Whisper it: may this mean peak oil demand?
September 4, 2025 at 4:04 PM
Growth in #LNG demand since 2022 has been negligible, and less down to structural demand growth and more due to winter weather patterns in the northern hemisphere, e.g. cold spell across Europe and North America in Jan-24, and a late winter cold snap in Europe in Mar-2025.
August 28, 2025 at 11:00 AM
Growth in #LNG demand since 2022 has been negligible, and less down to structural demand growth and more due to winter weather patterns in the northern hemisphere, e.g. cold spell across Europe and North America in Jan-24, and a late winter cold snap in Europe in Mar-2025.
The global share of combustion engines has plunged from 90% in 2019 to not much more than 50% in 2025.
With #EV sales (incl. hybrids) to hit 20+ mln in 2025 we’ve reached levels forecast by the IEA’s most bullish scenario for 2030 in 2019-which was largely dismissed esp by the #oil industry.
With #EV sales (incl. hybrids) to hit 20+ mln in 2025 we’ve reached levels forecast by the IEA’s most bullish scenario for 2030 in 2019-which was largely dismissed esp by the #oil industry.
August 22, 2025 at 11:23 AM
#China & #India Jan-Jul 2025 combined #oil imports were almost 3 mln bpd lower than that time 2024, depriving the market of what used to be its most important sources of demand growth. That, plus #OPEC supply increases, helps explain relatively low #crude prices despite #geopolitical tensions....
August 11, 2025 at 5:31 PM
#EU #economic conditions have improved. Perhaps the most promising trends:
* fewer bankruptcies,
* increased industrial production,
* dip in unemployment,
* reduced deficit & debt to GDP ratio.
#GDP growth remains low and #US #tariffs won't help, but I'd say these are grounds for cautious optimism.
* fewer bankruptcies,
* increased industrial production,
* dip in unemployment,
* reduced deficit & debt to GDP ratio.
#GDP growth remains low and #US #tariffs won't help, but I'd say these are grounds for cautious optimism.
August 8, 2025 at 12:26 PM
The world’s richest countries may not be who you're thinking of if measuring by median wealth instead of the more comon #GDP per capita, or by income. That's because people in countries like #France #Italy #Spain accumulated property wealth over generations (more so than #Germany or even the #US)...
August 6, 2025 at 1:55 PM
The world’s richest countries may not be who you're thinking of if measuring by median wealth instead of the more comon #GDP per capita, or by income. That's because people in countries like #France #Italy #Spain accumulated property wealth over generations (more so than #Germany or even the #US)...
One reason why #Europe's growth has lagged is that the #EU is the most trade-reliant of all major economies - which is tricky given #trade as share of global GDP is in decline, not least amid Trump's #tariff sprees.
Ping me if you'd like to receive my daily #energy, #resources & #industry briefing.
Ping me if you'd like to receive my daily #energy, #resources & #industry briefing.
August 5, 2025 at 1:17 PM
Britain, France & Germany will intensify their defence policies and developments, and jointly probably raise military spending from $200 bln now to $350 bln by 2029 - with Germany making up half that budget by the end of the decade....
July 18, 2025 at 1:17 PM
Britain, France & Germany will intensify their defence policies and developments, and jointly probably raise military spending from $200 bln now to $350 bln by 2029 - with Germany making up half that budget by the end of the decade....
When people argue for new nuclear power to bring down prices, they often fail to mention cost. Take the UK's Hinkley Point C, which'll cost £50 bln by the time it's completed, and for which the gvt will guarantee the operator £100/MWh over 30 years. That'll make it 2x as costly as offshore wind..
July 17, 2025 at 11:56 AM
When people argue for new nuclear power to bring down prices, they often fail to mention cost. Take the UK's Hinkley Point C, which'll cost £50 bln by the time it's completed, and for which the gvt will guarantee the operator £100/MWh over 30 years. That'll make it 2x as costly as offshore wind..
Sentiment in #German energy-intensive industries is improving, as #energy #industry & #defense policies and orders are kicking in.
That's visible in the stock market performance of related firms this week, with a 'laggard' like RWE seeing a 25% rise, and Rheinmetall or ThyssenKrupp up some 200%...
That's visible in the stock market performance of related firms this week, with a 'laggard' like RWE seeing a 25% rise, and Rheinmetall or ThyssenKrupp up some 200%...
July 16, 2025 at 2:52 PM
Judging by China's soaring #solar & #EV output but also mounting losses, it seems Beijing's deploying green stimulus.
Less than 10% of China's EV brands will turn a profit in the next 5 years, says the South China Morning Post.
Meanwhile, China's 5 big solar firms piled up $1.1 bln losses in Q1/25.
Less than 10% of China's EV brands will turn a profit in the next 5 years, says the South China Morning Post.
Meanwhile, China's 5 big solar firms piled up $1.1 bln losses in Q1/25.
July 15, 2025 at 1:16 PM
EU #gas stocks will be 90% full by 1 Nov - assuming similar daily injections btw 1Jul-1Aug & btw 1Jun-1Jul and then half current avg daily injection btw 1 Sep-1 Nov. That would support EU move to allow loosening of pre-winter storage mandates and instead let normal market conditions ensure supply.
July 14, 2025 at 1:02 PM
EU #gas stocks will be 90% full by 1 Nov - assuming similar daily injections btw 1Jul-1Aug & btw 1Jun-1Jul and then half current avg daily injection btw 1 Sep-1 Nov. That would support EU move to allow loosening of pre-winter storage mandates and instead let normal market conditions ensure supply.
Find of the day:
* #VW #EV sales soared by 46.7% *globally* in H1/25 vs H1/24 - it's a remarkable recovery from criticism it slept through the EV revolution.
* Within Germany, a whopping 8/10 top-10 selling EVs were made by VW (or subsidiary).
Ping me if you'd like to receive my daily briefing.
* #VW #EV sales soared by 46.7% *globally* in H1/25 vs H1/24 - it's a remarkable recovery from criticism it slept through the EV revolution.
* Within Germany, a whopping 8/10 top-10 selling EVs were made by VW (or subsidiary).
Ping me if you'd like to receive my daily briefing.
July 14, 2025 at 11:44 AM
#ENERGY-INDUSTRY-BRIEF
• Trump to create US manufacturing headwinds
• Big drinks firms are huge polluters.
• Germany launches the awesomely named "Waserstoffbeschleunigungsgesetz" - the hydrogen acceleration law to aid industrial recovery
Message me if you'd like to receive my full daily briefing.
• Trump to create US manufacturing headwinds
• Big drinks firms are huge polluters.
• Germany launches the awesomely named "Waserstoffbeschleunigungsgesetz" - the hydrogen acceleration law to aid industrial recovery
Message me if you'd like to receive my full daily briefing.
July 8, 2025 at 2:37 PM
#ENERGY-INDUSTRY-BRIEF
• Trump to create US manufacturing headwinds
• Big drinks firms are huge polluters.
• Germany launches the awesomely named "Waserstoffbeschleunigungsgesetz" - the hydrogen acceleration law to aid industrial recovery
Message me if you'd like to receive my full daily briefing.
• Trump to create US manufacturing headwinds
• Big drinks firms are huge polluters.
• Germany launches the awesomely named "Waserstoffbeschleunigungsgesetz" - the hydrogen acceleration law to aid industrial recovery
Message me if you'd like to receive my full daily briefing.
#ENERGY-INDUSTRY-BRIEF
• #EU draft #ClimateLaw changes language to focus on #energy #security & affordability
• Germany to triple defence budget by 2029 in big stimulus and energy demand push
• #Haiwaii #electricity is very #CO2 intensive
Message me if you'd like to receive my full daily briefing.
• #EU draft #ClimateLaw changes language to focus on #energy #security & affordability
• Germany to triple defence budget by 2029 in big stimulus and energy demand push
• #Haiwaii #electricity is very #CO2 intensive
Message me if you'd like to receive my full daily briefing.
July 7, 2025 at 2:45 PM
#ENERGY-INDUSTRY-BRIEF
• #EU draft #ClimateLaw changes language to focus on #energy #security & affordability
• Germany to triple defence budget by 2029 in big stimulus and energy demand push
• #Haiwaii #electricity is very #CO2 intensive
Message me if you'd like to receive my full daily briefing.
• #EU draft #ClimateLaw changes language to focus on #energy #security & affordability
• Germany to triple defence budget by 2029 in big stimulus and energy demand push
• #Haiwaii #electricity is very #CO2 intensive
Message me if you'd like to receive my full daily briefing.
#ENERGY-INDUSTRY-BRIEF
· #China #EVs displaced 1+ mln bpd #oil demand since 2022 -says Rhodium Group
· #Canada becomes latest #LNG exporter, sending 1st cargo to South Korea
· #Germany starts making parts for the F-35 fighter jet program
Message me if you'd like to receive my full daily briefing.
· #China #EVs displaced 1+ mln bpd #oil demand since 2022 -says Rhodium Group
· #Canada becomes latest #LNG exporter, sending 1st cargo to South Korea
· #Germany starts making parts for the F-35 fighter jet program
Message me if you'd like to receive my full daily briefing.
July 2, 2025 at 12:56 PM