Daily Energy Report
Crude quality hits again, White House and IEA are critical of OPEC+ Production cut, unusual announcement from Russia, Aramco OSP, $100 oil, Russian oil prices and more
Recent Reports by the EOA:
The Impact of OPEC+ Voluntary Cuts on the Oil Market
Why Does OPEC Continue to Price its Oil in US Dollars?
Iraq’s Energy Sector: Twenty Years after the US Invasion
A World of Never-Ending Energy Crises
China’s LNG Demand Recovery: Drivers and Implications
CHART OF THE DAY: Crude Quality Matters
Figure (1) above shows US crude oil and condensate production as reported by the US Energy Information Administration (EIA). It reveals that since August 2022, the production of light sweet liquids above 45 API has been steadily increasing. The decline last December was related to weather conditions in North Dakota, Oklahoma, and Texas.