Daily Energy Report

Oil demand growth, India-Russia import deal, Egypt power station fire, Europe refinery strain, Kurdish oil smuggling, World LNG growth, BP identity crisis, and more.

Chart of the Day: Where is the Growth in Oil Demand? 

Summary

Figure (1) shows the average of crude oil imports in the first six months of 2023 and 2024. The average shows virtually flat imports in China and India, and a decline in Japan. The only growth is in Europe.

EOA’s Main Takeaway

The data proves several points that we have mentioned before: