Daily Energy Report

Petrodollar & Saudi Arabia, EU-China & Russian gas, Shipping rates surge, US crude & stocks lower, Lukoil transit spat, EVs slump more, Shell reverses offshore wind, Australia uranium, and more.

New Video: The Petrodollar Is NOT Dead, Issues with Oil Data & Misleading Energy Headlines

Chart of the Day: As Kuwait’s Crude Exports Declined, its Exports of Petroleum Products Increased

Summary

Figure (1) above shows trends in Kuwait’s crude and petroleum exports for the first six months of the year and forecasts for the next six months. The start of the 615 kb/d Al Zour refinery meant lower crude exports and higher product exports. 

EOA’s Main Takeaway