ENERGY

Despite many nations transitioning away from fossil fuels, in 2023, world coal consumption reached a staggering 164 exajoules (EJ) of energy, a record high for any year. 

For this graphic, Visual Capitalist's Alan Kennedy has partnered with Range ETFs to explore the role coal plays in the global energy mix and determine which regions still consume large quantities of coal. 

The Role of Coal in Global Energy

Coal is a significant player in the global energy mix, (more…)

China’s imports of Iranian oil are poised to reach a record 1.75m b/d this month, data from Kpler show.

That will surpass the previous peak of 1.66m b/d set in October 2023, according to Kpler data that extends back to January 2013, and is almost 50% higher compared with 1.24m b/d last month.

Shipments into Rizhao and Dalian significantly higher m/m, said Muyu Xu, an analyst with Kpler

“Chinese teapots see refining margins slightly improving, they now have stronger motivation to (more…)

Oil slipped for a second day, extending a bumpy run so far this month, with the market focusing on Libyan supplies, key technical indicators and US inventory data.

The outages in Libya have been countered by a broadly bearish undertone – leading top Wall Street banks including Goldman Sachs. and Morgan Stanley to shave their price forecasts for next year.

API

• Crude  -3.4mm (exp. -3mm)

• Gasoline -1.86mm

• Distillates -1.4mm

• Cushing -486k (more…)