GAVIN MAGUIRE: Key Chinese energy indicators that could affect markets
Slower consumption in the country spurs Opec to cut estimates for global oil demand growth
15 August 2024 - 05:00
Littleton, Colorado — Slower consumption in China spurred Opec to cut estimates for global oil demand growth this week, highlighting the vital role that the world’s second-largest economy plays in energy markets.
Yet overall electricity generation in China climbed to new highs in the first half of 2024 — indicating robust use by households and factories — and imports of liquefied natural gas (LNG) rose 10% to the highest in three years...
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