Daily Energy Report
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Daily Energy Report
Permian is getting gassier, Mexico crude exports, Egypt’s LNG story, China refineries slow, OPEC bullish on oil, Solar propaganda, EV insurance costs, and more.
Chart of the Day: The Permian Got Gassier after COVID-19!
Summary
Looking at oil and gas production data in the Permian, a direct relationship existed over the years until the end of 2020. Then, suddenly, with the recovery from COVID-19, the situation changed. More natural gas is produced for every barrel of oil produced. The shift is so pronounced, as shown in Figure (1), it makes you wonder what happened!