Daily Energy Report
Iran's oil exports, OPEC forecast, Egypt power crisis, Oil shipping, US oil decline, EU nuclear, China refiners assess risks, ADNOC/Santos offer, Citgo ruling, EU Russian gas contracts, and more.
June 16, 2025
Chart of the Day
EOA: China Can Compensate for Any Loss or Delay of Iranian Oil Shipments from its Inventories
Summary
Iran's crude exports surged to their highest level in years just before the attack, while China's oil inventories also rose, reaching record highs as shown in Figure (1). Was that a coincidence? Below we discuss the impact of the loss of Iranian oil exports on China and explain the importance of the orange dotted line.