Daily Energy Report

Mexico’s crude exports, US gasoline politics, Saudi electricity prices from wind at record low, Asia LNG prices, Guyana oil growth, Turkey burns coal, Chesapeake job cuts, and more.

Mexico’s crude exports, US gasoline politics, Saudi electricity prices from wind at record low, Asia LNG prices, Guyana oil growth, Turkey burns coal, Chesapeake job cuts, and more.

Chart of the Day: Mexico’s crude exports are declining

Summary

Mexico’s crude oil exports declined by about 400 kb/d since the beginning of the year, contributing to a tight market in medium/heavy sour crude and reducing the WCS/WTI price differential. 

EOA’s Main Takeaway