Day: January 20, 2023

Energy conservation in hot weather could raise mortality rates, a new study that has reviewed data from Japan showed this week. The study, which will be published in the American Economic Journal: Applied Economics, argues that the Japanese government’s energy-saving campaigns since the country closed most of its nuclear power plants after the 2011 Fukushima disaster have led to higher death rates. “Exploiting the electricity-saving targets across regions and over time, we show that the campaigns significantly increased mortality, particularly during extremely hot days,” study co-authors Guojun He and Takanao Tanaka wrote.…

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Solid demand in China, India, and Japan lifted global oil demand by 1.7 million barrels per day (bpd) in November to the highest level since February 2022, new data from the Joint Organizations Data Initiative (JODI) showed on Thursday. China’s oil demand rebounded by almost 1 million bpd in November compared to October, while Chinese crude oil imports surged to a 20-month high, according to the JODI data shared by the Riyadh-based International Energy Forum (IEF). In China, oil demand rose by 985,000 bpd in November to a nine-month high,…

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The Energy Intelligence 2023 outlook report sheds light on a very important sentiment that will guide the market this year: It’s not the energy transition or even the affordability of energy that is on the top of everyone’s mind. It’s the security of supply that trumps everything.  The industry priority is energy security this year, and while that does not mean that decarbonization will be sidelined, it does mean that it’s not the year’s top priority. Even more shocking, based on the results of a Energy Intel’s survey is that…

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