Daily Energy Report
Saudi fuel oil exports, Refinery utilization, Saudi market share, World Bank lifts nuclear ban, German gas, Canada pipelines, Japan/US gas, Rare earth pinch, US gas deals, Egypt gas deals, and more.
June 12, 2025
Chart of the Day
EOA: Saudi Fuel Oil Imports Increase During Hajj and Summer Months
Summary
Saudi fuel oil imports rise during summer and Hajj. Last May, Saudi fuel oil imports increased to second on record as shown in Figure (1). Seasonal cooling demand drives increased power generation from oil-fired plants. The implications of such demand and imports are significant as explained below.