Daily Energy Report
US oil demand, EU GHG emissions, Saudis might cut prices, OPEC output recovers, EU vertical gas corridor, LNG sanctions on Russia, Oil most productive US industry, German car fail, and more.
Chart of the Day: US Oil Demand Remains Below COVID Levels
Summary
US oil demand increased in August, and turned out to be higher than the estimates, according to the EIA. Gasoline demand was relatively flat YoY. Distillate demand declined significantly by 177 kb/d YoY, but jet fuel demand increased by 81 kb/d and NGL demand increased by 245 kb/d.