Daily Energy Report
Russia finds new markets, OPEC+ V8 end cuts, Aramco sees strong demand, Trump’s shale misread, Germany’s gas future, S Korea & US LNG, New use for LNG, Iran’s smaller ships to China, and more.
Chart of the Day
EOA: A Rare Russian Urals Shipment to South Africa
Summary
Figure (1) shows trends in South Africa's crude oil imports by source. Most imports come from Nigeria, Saudi Arabia, and Angola. Russia sent a rare shipment of Urals crude, arriving by month's end, as discussed below.