Daily Energy Report
OPEC production, US product inventories, Exxon’s Permian plans, US sanctions talk, US uranium push, LNG amid climate hysteria, Japan LNG, US well productivity, Trump’s vows fast permits, and more.
Chart of the Day: OPEC Crude Production Continued to Increase
Summary
OPEC released its monthly oil report this morning. Its production increased MoM by 104 kb/d and YoY by 42 kb/d. However, compared to 2022 before the cuts, October production was about 2 mb/d below that of October 2022 and November was 1 mb/d below that of November 2022.