Daily Energy Report

OPEC+ Meeting/crude exports, US jet fuel demand, China oil demand, Congo to export LNG, US EV charging debacle, More US subsidies, Shadow fleet emissions, Argentina LNG, and more.

Due to sudden airline cancellations and rebooking, our schedule changed and we will not publish the DER tomorrow, Thursday. However, if there is an urgent development, we will be in touch. 

Chart of the Day: OPEC+ Crude Oil Exports Declined by 800 kb/d

Summary

OPEC+ crude oil exports declined in the first five months of the year by more than 800 kb/d relative to the same period last year as shown in Figure (1) above.  OPEC+ is scheduled to meet on Sunday. Discussion below.