Daily Energy Report
Global oil inventories, US SPR refill, Group of 8 cuts, BP/China LNG, Canada crude to China, Permian water issues, Wyoming discovery, German solar, China strategy, Argentina subsidies cut, and more.
May 22, 2025
Due to Memorial Day Weekend, we will not publish the Daily Energy Report on Friday or Monday. We will post updates if significant breaking news occurs.
Here is a recent interview in which we discussed the following topics:
Trump in the Middle East
Crude markets, OPEC+, trade wars, and tariffs
Oil sanctions on Russia and Iran
Energy politics and Trump's energy stance
AI and bitcoin
Link1: https://x.com/TFTC21/status/1924488051671392274
or
Link2:
Chart of the Day
EOA: Global Oil Inventories are Rising but Remain Below that of 2024 and the 5-Year Average. What are the Implications?
Summary
Global oil inventories have risen recently due to slower demand from declining economic growth, trade wars, tariff confusion, and seasonal trends. However, inventories remain below 2024 levels and the five-year average, as shown in Figure (1). Implications are discussed below.