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BREAKING: In its semi-annual report, International Energy Agency revises higher its estimate of global consumption in 2024 to a record high of ~8.79 billion metric tons (from ~8.77 billion previously). IEA also anticipates a new demand all-time high in 2025, before dropping in 2026 | #CoalTwitter

Talk about timing: #China imports of American oil, gas & coal hit almost zero in June — a potentially sensitive shift as Beijing and Washington resume talks to resolve their differences on trade #tariffs bloomberg.com/news/articles/…

French & German leaders vow to work on joint European warplane, which has stirred friction between project developers. France's Dassault chief Eric Trappier insists on being the lead pilot for the project, but this drew criticism from Airbus READ HERE: bloomberg.com/news/articles/…

*US SAYS CHEVRON CAN RESUME PUMPING OIL IN VENEZUELA: WSJ

INTERESTING: #Saudi Investment Minister خالد الفالح | Khalid Al Falih takes big delegation (including many billionaires) on unprecedented visit to #Syria, inaugurating cement factory for country's reconstruction. Saudis signed deals to invest $6.4B on major infrastructure & other projects

President Macron said France will recognize Palestinian statehood at UN General Assembly in September *France would be 1st G7 country to do so * Near 150 countries (75%) already recognize it, including 12 fellow EU countries bloomberg.com/news/articles/…

Ziad Rahbani, Lebanese musical giant and sardonic critic, dead at 69 reuters.com/business/media…

Qatar warned EU countries that it may stop supplying LNG if its sustainability law isn’t amended, Reuters reports 🇶🇦 🇪🇺 ⚠️ 👉 The rule requires companies to make climate transition plans or face stiff fines. But Qatar says it has no net-zero plans reuters.com/sustainability…

In 2019, Egypt became a gas exporters, earning $8 billion in 2022 Now? It's back to importing — the energy bill could hit $20 billion this year What happened? 1) Domestic demand surged 2) Gas fields are running dry bloomberg.com/news/articles/…

NEW: #UK joins #France for the recognition of the State of #Palestine, said French Foreign Affairs Minister Jean-Noël Barrot “We are putting an end to the endless cycle of violence and reopening the prospect of peace in the region” share.google/sBsZro8kiVTF45…

Insurers regain appetite for coal despite climate pledges Insurance is a barometer of short-term risk Right now, insurers are feeling more coal-curious A sharp reversal: Starting in 2018 EU insurers promised to stop selling policies to coal corps. on.ft.com/3U2MXiU

NEW: #EU economy grew unexpectedly in the second quarter, benefiting from better-than-predicted performances in #France and #Spain bloomberg.com/news/articles/…

LATEST: #Tsunami Reaches US as Powerful Quake Puts Pacific on Alert *Four-foot (1.2-meter) tsunami waves recorded in #Hawaii *Initial signs of tsunami detected in #California bloomberg.com/news/articles/…

READ: #China Prepares to Unseat US in Fight for $4.8 Trillion Artificial Intelligence Market bloomberg.com/news/articles/…

President Trump suggests he would slap additional penalties against India over the country’s energy purchases from Russia 🇺🇸 ⚠️ 🇮🇳 💰 That would be ontop of a 25% tariff from Aug 1 👉 India is a large buyer of Russian oil. And the country also takes some Russian LNG

NEW: France and 14 other countries express desire to recognize the State of Palestine and invite those who have not yet done so to join them

BREAKING: #HSBC targeted in #Swiss investigation into suspected money-laundering connected to the alleged embezzlement of hundreds of millions of dollars by former #Lebanon central bank governor Riad Salameh bloomberg.com/news/articles/…

French wine exporters see €1 billion losses from Trump tariffs bloomberg.com/news/articles/… via Nayla Razzouk

LATEST: #France Set to Pay a Record €9 Billion in Subsidies to Renewables bloomberg.com/news/articles/… francois de beaupuy

WATCH: Images of #Gaza destruction from the French plane dropping aid. Via Dalal Mawadدلال معوض embedded with the French army