Daily Energy Report
Trump’s Iran sanctions, Gazprom exports to Europe, Record Permian production, Unlikely Canadian sanctions, Saudi’s China crude price, Adnoc all-in on LNG, Europe’s net-zero awakening, and more.
Chart of the Day: Trump’s Sanctions on Iran are NOT Bullish!
Summary
Figure (1) above shows Iran’s crude oil exports since the beginning of 2013 as reported by Kpler. The chart shows the ups and downs of exports because of sanctions, lifting the sanctions, reimposing the sanctions, and COVID-19. It also shows the continuous increase in oil exports in the last four years as the Biden Administration turned a blind eye to the sanctions. Below are the reasons why enforcing the sanctions by the new Trump Administration is NOT bullish.