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Boeing (BA.N) said on November 16 that it will ensure its factories have the capacity to absorb higher production levels before further increasing aircraft output next year, highlighting the aircraft manufacturers cautious strategy after years of production setbacks. The company recently received approval from U.S. regulators to increase monthly production of its 737 aircraft from 38 to 42. Stephanie Popp, head of Boeings commercial aircraft business, said the companys current focus will be on "stabilizing" existing production rhythms before further increases in production.Boeing (BA.N): Before ramping up production again next year, it will ensure that its factories are ready to handle a higher proportion of aircraft production.According to the Financial Times, U.S. Trade Representative Greer is increasingly dissatisfied with the slow progress made by the European Union in reducing tariffs and regulatory barriers.Airbus: We expect the Middle East to need 4,080 passenger aircraft over the next 20 years, including 2,380 single-aisle aircraft and 1,700 wide-body aircraft.November 16th - According to two industry sources and data from the London Stock Exchange Group (LSEG), the port of Novorossiysk in Russia resumed oil loading operations on Sunday after a two-day suspension. LSEG data shows that the Suezmax tanker "Alan" and the Aframax tanker "Rhodes" are currently loading oil at the ports berths. Previously, a Ukrainian drone attack caused the Russian Black Sea port of Novorossiysk to suspend oil exports on Friday, prompting Transneft, the Russian oil pipeline monopoly, to suspend crude oil supplies to the export terminal. The attack damaged two oil berths at the port, temporarily disrupting port operations.

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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