Daily Energy Report

Saudi oil exports from the West, OPEC JMMC meeting, North Sea ‘wrecking ball,’ Europe’s oil profits, Oil traders buy options, China solar panel sales, Hungary oil scare, and more.

Chart of the Day: Saudi Oil Exports from the West

Summary

Figure (1) shows trends in Saudi oil exports from ports on the Red Sea. It shows that exports increased after Houthi attacks on ships and tankers in the Gulf of Adan and the Red Sea in the South. Which increased markedly since the beginning of the year.   

EOA’s Main Takeaways