Daily Energy Report

Daily Energy Report

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Daily Energy Report
Daily Energy Report
Daily Energy Report

Daily Energy Report

GCC vs Russia in India, GCC products exports, Oil bulls not happy, UK windfall tax idiocy, Russia oil to Asia, Saudis buy tankers, China nuclear, US M&A, US grid capacity, Texas power test, and more

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A F Alhajji
Aug 20, 2024
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Daily Energy Report
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Chart of the Day: Substitution of GCC Crude with Russian Crude in India

Summary

Figure (1) shows trends in crude exports of Russia and the Gulf Cooperation Council Countries (GCC): Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE. As India’s crude imports from Russia increased, imports from the GCC decreased. But do not be fooled by a partial story. details below.

EOA’s Main Takeaways

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