Daily Energy Report
OPEC production, US inventories, Sanctions stories debunked, China’s LNG advantage, Gas price cap idiocy, DeepSeek impact, Shell outlook, China copper rules, India LNG deals, EU climate fail, and more
February 12, 2025
Chart of the Day
OPEC: OPEC Production Declined in January by 121 kb/d
Summary
OPEC production declined by 121 kb/d in January, per the OPEC Monthly Oil Report. Nine countries saw declines, mainly UAE and Nigeria. Production was stable in Gabon and Congo, while Libya's output rose by 17 kb/d.