Oil in the era of Trump… what could it mean?
Trump is back, and the threat of tariffs looms large over China’s economy.
Coal consumption in the US has hit a record low as the pandemic slashes energy demand.
Power plants burned just 27.4 million short tons of the fuel in April, a 27% decrease from the previous year and the lowest monthly level in Energy Information Data going back to 1973.
Overall US electricity consumption fell 4% year-on-year, to the lowest since November 2001, the EIA said in its Today In Energy report. The dip, driven by industrial and commercial users, comes as residential demand jumped 8%.
(By Anthony Robledo)
Comments