Coal Revival Threatens to Push Power Sector Emissions to Record

The jump in fossil fuel use pushed emissions from electricity production up 1.7%, or 133 million tons, in the first eight months of this year, climate think-tank Ember said in a report Wednesday. Most of the increase was in July and August, as fossil generation was unchanged in the first half from a year earlier.

OPEC+ Considers Output-Limit Cut Of As Much As Two Million Barrels A Day

The group may discuss a cut of that size, plus smaller reductions ranging from 1 million to 1.5 million barrels a day, when it meets on Wednesday, delegates said. Based on current discussions, so far curbs would use existing baselines to measure each country’s contribution, one delegate said.

Europe Gas Slides As Storage, EU Steps Cut Risks For This Winter

Benchmark futures declined as much as 9.7%. European demand is likely to fall by a record 10% this year, and another 4% next year due to the high prices, according to the International Energy Agency. Gas saving measures will be crucial to help stretch inventories to the end of winter even with dwindling Russian supply, … Read more

US Redoubles Efforts to End Dependence on Russian Nuclear Fuel

“We are going to get Congressional support in a bipartisan way for us to make our own fuel cycle supply chain independent, certainly of Russia,” Granholm, 63, said in an interview at the International Atomic Energy Agency in Vienna. “We’ve got to make this happen for our own independence and national security.”

Oil Edges Lower as Slowdown, Dollar Outweighs Supply Concerns

Supply concerns remained at the fore, after US government data showed an unexpected decline in commercial oil stocks last week, signaling improving demand. Crude inventories contracted by 215,000 barrels, even as stockpiles at the storage hub at Cushing, Oklahoma, expanded. Gasoline stocks fell.

Oil Edges Higher on Report Russia to Push for OPEC+ Supply Cuts

Traders were also tracking the progress of Hurricane Ian, which is expected to make landfall on Florida’s west coast late Wednesday. Ahead of that, US energy companies have idled about 190,000 barrels of daily crude production, some 11% of US Gulf of Mexico output, according to government figures.

This Is What Life’s Like in the World’s Strictest Covid Zero City

Seven times since last March, Ruili—on China’s Myanmar border—has felt the full force of Xi Jinping’s Covid Zero policy.