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Global Gas Crunch Makes Europe's Remaining Coal Plants Profitable
Global Gas Crunch Makes Europe's Remaining Coal Plants Profitable
By Michael Kern of OilPrice.com
The global LNG supply crunch has made Europe’s last-standing coal-fired power plants profitable this year as gas supply costs soar while the need for conventional generation to stabilize grids remains.
In Germany and Poland, which host most of the remaining operational or back-up-ready coal power capacity in Europe, coal-fired generation is profitable again as winter approaches, LNG supply is barely moving out of the Strait of Hormuz, and gas prices are at their highest level since the 2022-2023...
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Key Events This Week: ISM, FOMC Minutes And Fed Speakers
Key Events This Week: ISM, FOMC Minutes And Fed Speakers
The week after payrolls is usually a quieter affair but there's plenty of global events even if the US calendar is light.
In terms of the main highlights, given the current focus on monetary policy the FOMC minutes (Wednesday) and the ECB’s June meeting account (Thursday) will be carefully watched, especially the former given it was the first of the new Warsh regime. Speeches from Fed Governors Waller (Monday), Williams and Logan (Thursday) will provide a more "live" update to the...
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