Daily Energy Report
OPEC+ supply, Inventory report, Big Oil profits, LNG tariff turmoil, Spain’s renewable blackout, COP30 irrelevancy, US Houthi strikes, Canada pipeline needs, CA EV mandate, and more.
April 30, 2025
Chart of the Day
EOA: Contrary to Expectations, OPEC+ Supply Is Down in April
Summary
Contrary to market expectations, OPEC+ crude exports (supply) are down in April as shown in Figure (1). Kpler data shows that exports in April are the lowest in three years.