Daily Energy Report
IEA & OPEC wrong about Europe’s oil demand, IMF on global economy, Russia grows EU LNG, Permian crude gets lighter, China’s oil imports, Nuclear revival, LNG delays, Russian oil tanker insurance and m
Chart of the Day: The IEA is Wrong About Oil Demand in Europe
Summary
Figure (1) above shows weekly trends in Europe’s total oil imports in 2023 and 2024. On average, imports in first 9 months of 2024 (Red bar) are higher than that of 2023 (Blu bar) by an average of 200 kb/d.