Daily Energy Report
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Daily Energy Report
Europe’s oil inventories high, Oil growth to taper, Saudi oil consumption, US politics & SPR, China crude stockpiling, EU carbon tax, and more.
Chart of the Day: Europe’s Oil Inventories are Not Only High—They are Rising!
Summary
Europe’s oil inventories have been rising for months and are now higher than that of the previous three years as shown in Figure (1) above.