Daily Energy Report

Daily Energy Report

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Daily Energy Report
Daily Energy Report
Daily Energy Report

Daily Energy Report

OPEC production up, Global oil demand growth, Ukraine hits Russian refinery, Refinery closure risk, Aramco invests in US CarbonCapture, India refinery exports avoid Red Sea, and more.

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A F Alhajji
Mar 12, 2024
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Daily Energy Report
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Chart of the Day: OPEC Production Increased in February

Summary

Figure (1) above shows trends in OPEC crude oil production. OPEC released its Monthly Oil Market Report this morning which shows that OPEC production increased in February by 203 kb/d to 26.368 mb/d. Most of the increase came from a recovery in Libyan and Nigerian production. Libya’s production increased by 144 kb/d to 1.167 mb/d. Nigeria’s production increased by 47 kb/d to 1.476 mb/d. Production of the rest of the countries was virtually flat.   

EOA’s Main Takeaway

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