Core Insights - The recent cold wave in the U.S. has led to a significant increase in natural gas consumption among residential and commercial sectors, resulting in a spike in prices [1] - Prior to the cold wave, daily consumption in these sectors ranged between 20 billion to 23 billion cubic feet, indicating a substantial jump in demand due to the weather event [1] - As a result of these developments, Nymex natural gas for December delivery fell by 1.4% to $4.503 per million British thermal units [1]

Core Insights - The overall electricity consumption growth rate in China has stabilized and rebounded in the first half of the year, with April and May showing growth rates of 4.7% and 4.4% respectively, and June recording a year-on-year increase of 5.4% [1] Electricity Consumption - The growth rate of total electricity consumption reached 5.4% year-on-year in June, indicating a positive trend in energy demand [1] - April and May saw growth rates of 4.7% and 4.4%, respectively, reflecting a consistent recovery in electricity usage [1] Natural Gas Demand - Natural gas demand has experienced a slight increase, primarily driven by urban gas consumption [1] Coal Consumption - Coal consumption has slightly decreased, influenced by factors such as warmer winter weather and a significant increase in renewable energy output [1] Oil Consumption - The consumption of refined oil continues to show negative growth, with the substitution effect of new energy vehicles and liquefied natural gas (LNG) heavy trucks on transportation fuel becoming increasingly evident [1]