Daily Energy Report
Permian oil production, OPEC production, Aramco seas tighter oil market, Suez traffic drops, LNG & Red Sea, Saudi oil price, Shipping emissions, EV cheating, Swift’s CO2 indulgence, and more.
Chart of the Day: Permian’s Oil Production is at a Record High, but is it Declining?
Summary
Figure (1) above shows oil production the Permian Basin. It shows how it has been increasing YoY. It also shows that it reached a record high in 2023.