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European stocks mostly rose on Monday, August 17th, after most major indices closed lower last week, with only the German DAX index hitting a record high. The Stoxx Europe 600 index rose 0.2%, led by technology and pharmaceutical stocks. SpaceX supplier STMicroelectronics rose 3%, while ASML and its smaller competitor ASM International rose 2.35% and 2.7% respectively. Dutch pharmaceutical company Argenx led the gains, rising approximately 7.7%, after reporting positive clinical trial results. The German DAX and the UK FTSE 100 indices rose 0.02% and 0.3% respectively, while the French CAC 40 index fell 0.1%.On August 17, Foreign Ministry Spokesperson Lin Jian held a regular press conference. In response to a question about the Indonesian earthquake, Lin Jian stated that, to his knowledge, some Chinese citizens were injured in the earthquake. The Chinese Consulate General in Denpasar has activated its consular protection emergency mechanism to provide assistance to those injured in the earthquake.Iranian Foreign Ministry spokesman Bagaei: As everyone has seen, Iran now possesses the firm will to defend its sovereignty and dignity, thanks to the perseverance and resistance it has accumulated over the past decades.Iranian Foreign Ministry spokesman Bagaei: We maintain continuous contact with Qatar, which plays an important role in the current efforts to ease tensions.On August 17, Foreign Ministry Spokesperson Lin Jian held a regular press conference. A reporter asked: It has been reported that a 7.7-magnitude earthquake struck Indonesia on August 15, killing at least dozens of people. What is Chinas comment on this? Will China provide assistance to Indonesia? Lin Jian stated that China is concerned about the earthquake disaster in Indonesia. We express our deepest condolences to the victims and our sincere sympathies to their families and the injured. China is willing to provide active assistance according to Indonesias needs.

The Economy And Weather Will Improve in 2022, Increasing U.S. Power Use

Aria Thomas

Nov 09, 2022 15:42

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According to the U.S. Energy Information Administration's (EIA) Short-Term Energy Outlook (STEO) released on Tuesday, the nation's power consumption will hit a record high in 2022 owing to increased economic activity and higher summer temperatures.


As temperatures moderate, the EIA forecasts that energy demand would decline from 4,036 billion kWh in 2022 to 3,990 billion kWh in 2023.


Contrast this with a demand low of 3,856 billion kWh in 2020 due to the coronavirus pandemic and a record high of 4,003 billion kWh in 2018.


The EIA forecasts that residential sales of electricity will climb to 1,509 billion kWh in 2022, commercial sales will rise to 1,371 billion kWh as more people return to the workforce, and industrial sales will reach 1,010 billion kWh.


This compares to residential consumption records of 1,477 billion kWh in 2021, commercial consumption records of 1,382 billion kWh in 2018, and industrial consumption records of 1,050 billion kWh in 2000.


The EIA predicts that the share of natural gas to power generation will rise from 37% in 2021 to 38% in 2022, before decreasing to 36% in 2023. Coal's share will decrease from 23% in 2021 to 20% in 2022 and 19% in 2023 as renewable energy output grows.


The generation of renewable energy will grow from 20% in 2021 to 22% in 2022 to 24% in 2023. The proportion of nuclear energy will fall to 19% in 2022, down from 20% in 2021, before rebounding to 20% in 2023.


The EIA estimated that in 2022, residential gas sales would reach 13.58 billion cubic feet per day (bcfd), commercial sales would reach 9.69 bcfd, industrial sales would reach 23.28 bcfd, and power generation would reach 33.01 bcfd.


This compares to record highs of 14.32 bcfd for residential consumers in 1996, 9.63 bcfd for commercial users in 2019, 23.80 bcfd for industrial clients in 1973, and 31.75 bcfd for electricity production in 2020.

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