Episode 170 - Is the Delta wave over? | Still 50% of offshore production offline | German Power, Carbon Rise to Record on Soaring Gas Price

Energy Week

Economic Costs Accumulate as Countries Worried by Delta Variant Extend Border Closures
https://www.wsj.com/articles/economic-costs-accumulate-as-countries-worried-by-delta-variant-extend-border-closures-11631387873
Is the Delta wave over? Or has it not hit the Northeast?
Can we assume that economic activity and travel isn't going to go back down?
City in China restricts movement amid outbreak
https://www.dw.com/en/coronavirus-digest-city-in-china-restricts-movement-amid-outbreak/a-59157352
City closures will impact gasoline and jet fuel in China
Oil prices in the low $70s put pressure on Chinese economy
Nearly 185,000 b/d of US Gulf oil production returns as Ida recovery continues
https://www.spglobal.com/platts/en/market-insights/latest-news/oil/091021-nearly-185000-bd-of-us-gulf-oil-production-returns-as-ida-recovery-continues
Still 50% of offshore production offline
Shell having particular difficulties getting things back online
Economic Costs Accumulate as Countries Worried by Delta Variant Extend Border Closures
https://www.wsj.com/articles/economic-costs-accumulate-as-countries-worried-by-delta-variant-extend-border-closures-11631387873
European Power Situation
Analysis: Expensive winter ahead as Europe's power prices surge
https://www.reuters.com/business/energy/expensive-winter-ahead-europes-power-prices-surge-2021-09-10/
Energy Prices in Europe Hit Records After Wind Stops Blowing
https://www.wsj.com/articles/energy-prices-in-europe-hit-records-after-wind-stops-blowing-11631528258
German Power, Carbon Rise to Record on Soaring Gas Prices
https://finance.yahoo.com/news/german-power-carbon-rise-record-080615144.html
Russia is pumping a lot less natural gas to Europe all of a sudden — and it is not clear why
https://www.cnbc.com/2021/08/24/russia-is-pumping-less-natural-gas-to-europe-as-nord-stream-2-nears-completion.html
Charging points for electric cars will be preset to turn off for NINE HOURS a day amid fears they will cause blackouts if government hits target for phasing out petrol and diesel
https://www.dailymail.co.uk/news/article-9982253/Charging-points-electric-cars-preset-turn-NINE-HOURS-day.html
- Is Gazprom deliberately putting the squeeze on the European Union to get Nord Stream II started up?
- Consumers don't have extra money to pay prices?
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit energyweek.substack.com