Daily Energy Report
US Condensates decline, QatarEnergy LNG deals, Red Sea – more traffic, more risk, Guyana now high risk, Sefe/Equinor gas deal, Canada oil firms wait, Rockcliff/Tokyo Gas, Azerbaijan touts gas, and mor
Chart of the Day: Condensates Production that are Classified as Crude from Shale Plays are Declining
Figure (1) above shows US production of crude oil above 50.1 API, which is condensate that is classified as crude by the IEA. Despite the recent increases in US oil production, this type of oil production has been declining.