Daily Energy Report
OPEC crude exports, US LNG and its gas demand, Rig count, Ukraine oil ‘crisis,’ Russia cuts crude exports, Rio Tinto lithium, US electricity problems, China wind invades EU, and more.
Chart of the Day: Do NOT be Fooled by the Decline in OPEC Crude Exports
Summary
It is a known fact that OPEC’s crude exports have been declining in recent weeks as shown in Figure (1) above.
EOA’s Main Takeaway
Be careful getting bullish on oil because of such information. Here are four reasons why you should be careful: