Daily Energy Report

Trump's oil sanctions on Iran, US crude inventories, Saudi influence, Natural gas prices, Germany/EU get cold wakeup, Russia oil revenue, China nuclear, UK nuclear, Carbon capture, and more.

December 4, 2024

Chart of the Day: Will Trump Enforcement of Sanctions on Iran Reduce Iran’s Oil Exports and Raise Oil Prices?

Summary

Figure (1) shows the decline in Iran’s oil production and exports after President Trump re-imposed sanctions at the end of 2018 during his first term in office. The decline in exports was much larger than production. Can Trump forces