Daily Energy Report
India/China oil imports, Mexico/US oil trade, DeepSeek, EU gas trading, US frac slump, Mid-East renewables, Sanctions shipping costs, China-Russia workaround, Nord Stream 2, Red Sea shipping, and more
Important Development:
Examining the Panama Canal and Its Impact on U.S. Trade and National Security
Chart of the Day: Is the Decline in India and China's Oil Imports from Russia Exaggerated?
Summary
Figure (1) shows trends in crude imports of India and China from Russia. They have been declining in the last three months.