Daily Energy Report
OPEC+ domestic oil use, Inventory report, Aramco OSP—Asia, Iran oil flows, EU’s Russian dependence, China critical mineral threat, Russia oil revenue, Japan LNG, AI power use, Geothermal, and more.
June 04, 2025
Chart of the Day
EOA: OPEC+ Domestic Oil Consumption Increased in May
Summary
OPEC+ petroleum product exports fell in May, while imports rose significantly, as shown in Figure (1). Reasons and implications for the global oil market are discussed below.