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Since its inception in the 1980s, Dated Brent – the energy industry’s most used benchmark – has been nothing if not adaptable. What started as a single flow of oil from the gigantic Brent field has become a diverse amalgam of five different crude oil grades loading in the North Sea
Container shipping rates for North American imports have plummeted since the start of the year, with box volumes on the trans-Pacific route from China to the US West Coast having dropped 86.8% and US East Coast imports rates falling 71.6%, as of Dec. 6
This week’s Commodity Tracker features rising grid-connected battery storage in the US, increased demand in Europe for LNG imports, falling soybean oil premiums and constraints to global critical metals supply. 1. ERCOT seen leading planned additions to US battery storage capacity in Q4 What’s happening? The total capacity of grid-connected battery storage across the Continental US nearly doubled year on year by the end of the third quarter, climbing 97% to 9.559 GW
