Figures for consumption

Spain: confidence to consume, not to invest

Fernando González Urbaneja | “GDP and employment are increasing, the external balance is improving… while productivity, per capita income, and convergence with the EU stagnate”. The Spanish economy shows ambivalent signs that, depending on the data and periods chosen, serve a multitude of purposes. The government chooses the best of the repertoire to conclude that the economy is the electoral weapon to win support; in fact, the new economy minister…

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Eurozona PMIs

Eurozone industrial production rises by 0.8%, EU’s up 0.7% in February

CdM| Industrial production rose by 0.8% in the eurozone in February and by 0.7% in the European Union (EU) as a whole compared with the previous month, according to initial estimates from Eurostat, the EU’s statistical office. Compared with the same month last year, the indicator fell by 6.4% in the euro area and by 5.4% in the EU. In detail, and on a month-on-month basis, industrial production in the…

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Banner CIR, junio 2022

oil barrels

International Energy Agency report cuts oil demand growth in 2024

BancaMarch : The organisation has pointed to a slowdown in demand in the first quarter of 2024, with a variation that stands at 1.6 million barrels per day, 120,000 barrels per day lower than previously estimated. The reasons include lower than expected consumption in OECD countries due to a warmer than usual winter and a drop in manufacturing activity. Thus, for 2024 as a whole, the IEA has lowered the…

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“Spain has a good energy plan but if things don’t change, it won’t be fulfilled”

José Bogas, ENDESAS’s CEO, explains in Consejeros magazine that “295,000 million of investment is needed for the period 2021-30, and we have many years ahead of us when when we are not investing at this pace. Of these 295,000 million, 118,000 million are for renewables; 85,000 for energy efficiency, but almost nothing has been done so far; 53,000 for networks, which is more than 5,000 every year and we have…

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“An electric car in Germany today emits more CO2 than a diesel or a petrol car. That’s the reality, because 50% of electricity is generated with coal”

The CEO of Repsol, Josu Jon Imáz, took part on June 22 in a debate organised by the newspaper El Correo, and took the opportunity to warn of the hypocrisy, inefficiency and paradoxes of European energy policy.For example, in Spain it is forbidden – by law – to explore for and produce natural gas “and at the same time we are encouraging companies to bring gas from the United States,…

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