Daily Energy Report
China refinery throughput declining, Oil price decline sharply, Russian LNG to Europe, Venezuelan oil prospects, Libya’s oil ambitions, Pemex & deep-water gas, and more.
Chart of the Day: China’s refinery throughput is declining!
Figure (1) above shows the decline in Chinese refinery throughput in October. It also shows our forecasts in case no additional quota is issued. We show Panel A for clarity and Panel B to for perspective to avoid hyping the declining trend.