The Market, Energy, And Political Page, Part 3, T+2 -- November 8, 2018

From oilprice: 

Data points:

• China's crude oil imports in October: 9.61 million bopd (almost equal to the entire amount produced by any of the three -- the US, Russia, Saudi Arabia) -- and that's just imports
• independent refiners (teapots) driving demand -- drove demand before import quotas expire
• last month, China said it will raise by 42% the oil import quota for non-state refiners (teapots) for 2019, as new refinery capacity is planned to enter into operation next year
• China increasing more Canadian WCS vis a vis WTI due to $50 price spread

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US Coal

Take any two consecutive years in the graphic below and see if you can find any two consecutive years in which more coal plants were closed that in the current two consecutive years, 2018 - 2019.

Another open book test?

From twitter today:

For more on PJM, click on the tag below, "PJM."