Daily Energy Report
Sidi Kerir inventories, Brazil/Mexico oil exports, Shell’s LNG forecast, China’s tariff dodge, New Iran sanctions, Putin’s rare earth offer, Global LNG glut unlikely, Trump pushes Keystone, and more.
February 25, 2025
Chart of the Day
EOA: Sidi Kerir Oil Inventories are at Historic Lows
Summary
Figure (1) shows trends in weekly inventories at the Sidi Kerir port in Egypt since 2017. Current inventories are at historic lows, even compared to earlier dates. Below we discuss the impact on global oil markets.