On A Great Day For Oil -- WTI Surges -- Up 19 Cents -- Can't Break $70 -- June 26, 2023

Locator: 45064WTI.

The Energy Institute Statistical Review of World Energy, 2022, has just been released.

So, after all this data was released, solar and wind don't dent fossil fuels and global economy is ready to surge post-Covid, and Saudi Arabia cuts production, and Russia almost stages a coup, and .... and .... and ... and ..

What did WTI do today:

• can't break $70
• surges ... by 19 cents
• up ... by 0.27%
• and this is on a "good news" day for oil.

The real stories.

Bloomberg leads with this today:

Global electrical generation by fuel, link here:

European electrical generation by fuel, link here:

Global energy consumption, link here (at the link, the screenshot only shows through 2013; click on the graphs to go out to 2022):

Renewables growth did not dent fossil fuel dominance in 2022, link here:

Oil and the Russian coup, link here:

Saudis "tightening" the screws on America, link here:

Saudi in deep doo-doo, link here:

Wind energy: read the small print. Link to Bloomberg. How charts confuse folks.