Daily Energy Report

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March 03, 2025

Chart of the Day

EOA: OPEC+ Exports Increased in February

Summary

OPEC+ crude exports rose by 1.18 mb/d in February compared to the previous month, per Kpler data. However, exports are still lower than in 2023 and 2024. Why the sharp increase? See explanation below.

EOA’s Main Takeaway

Almost all the increase in cru