Daily Energy Report
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Daily Energy Report
German wind/solar mirage, US crude inventories, China fast-tracks nuclear, China economy sluggish, OPEC+ oil price, Refining margins dip, Russia gas to EU, Qatar mineral investment, and more.
Chart of the Day: Do Not Be Fooled by the Share of Solar and Wind in Power Generation in Germany!
Summary
Figure (2) shows Germany’s power generation by source since 2022. Data for 2024 represent our best estimate based on actual data in the last 7 months and estimates for the remaining five months based on expectations of economic growth seasonality, and government policies.
Nuclear disappeared completely, while coal use declined. Natural gas and oil use increased, as well as solar and wind.