DAILY Energy Report

Declining Saudi exports, Aramco/Microsoft investment in bricks, Autoworker strike & EVs, Iran’s exprots, Hurricane danger, China boosts gas reserves, Shale mergers, Iraq exports from north, and more

Chart of the Day: Saudi oil exports to China are declining.

Summary

Figure (1) above shows weekly Saudi oil exports to China. The red line shows the 4-week moving average. Kpler data shows a decline in Saudi oil exports to China in recent weeks.

EOA’s Main Takeaway