Good data point. While media spins and the big guys play gamDoes this sound like a demand decrease in energy need? Record power demand in China...
"China Faces Outages Amid Soaring Power Demand"
"Areas in China have started to warn residents and businesses that peak summer demand amid a heatwave could lead to outages as electricity grids buckle under peak-load surges, Bloombergreports.
The heatwaves in China since last week have added to the jump in electricity demand as Chinese industries are rebounding after the pandemic.
The capital city Beijing, as well as Xian, have warned residents and factories that there would be scheduled outages as electricity grid operators struggle to keep up with record power demand."
Reference: https://oilprice.com/Latest-Energy-News/World-News/China-Faces-Outages-Amid-Soaring-Power-Demand.html