Daily Energy Report

Saudi crude exports, China coal imports surge, Aramco dividends critical, Russia seaborne crude, EU stores gas in Ukraine, UAE tests US, Mining returns slump, US electric bills, LNG shipment complaint

Chart of the Day: Who is affected by the Saudi production cuts?

Summary

Figure (1) above shows Saudi weekly crude exports to Asia and the rest of the world. The chart shows that most of the Saudi crude exports go to Asia, and a small part goes to the rest of the world. While Asian countries were affected by the cut, the situation changed in recent weeks as exports to Asia increased.

EOA’ Main Takeaway