Daily Energy Report
US crude exports, Kazak production, China’s tariff response, Bloomberg nonsense on OPEC+, Tariffs & petrochemicals, OPEC+ output, LNG tariff disruption, US LNG start-up disruption, and more.
April 04, 2025
Chart of the Day
EOA: Have US Crude Exports Peaked?
Summary
Figure (1) compares US crude exports in the first quarter of 2023, 2024, and 2025. Exports decreased by 300 kb/d in Q1 2025 compared to Q1 2024, after increasing by nearly the same amount in 2024.