Daily Energy Report

OPEC crude exports, OPEC production, US demand downward revision, US LNG exports, peak fossil fuel demand, diesel shortages in NE US, European gas demand and more.

Chart of the Day: OPEC exports are increasing

Summary

OPEC released its Monthly Oil Report this morning. Because OPEC quota focuses on crude production, and since the data is monthly, we decided to show weekly exports of crude and condensates. Figure (1) above shows total OPEC exports of crude and condensates. Kpler data shows a continuous increase in the last 4 weeks.

EOA’s Main Takeaway