Daily Energy Report
OPEC+ exports, US crude inventories, Oil producer supply, Oil storage demand, VW hits net-zero wall, Vietnam-Saudi partnership, Finland confiscates Russian assets, US-Canada crude imports, and more.
Chart of the Day: OPEC+ Crude Exports Recovered to August Levels
Summary
Figure (1) above shows trends in OPEC+ crude exports by country in 2024. October data shows a slight increase over that of September: Only 170 kb/d. October exports is virtually equal to that of August. The increase MoM came from Saudi Arabia, Russia, Nigeria, Kuwait, Libya, Mexico, Algeria, Gabon, and Malaysia. Production decreased in the UAE, Iran, Brazil, Oman, Iraq, Kazakhstan, Venezuela, Congo, Sudan, and Brunei.