Daily Energy Report
Cushing inventory recovered, IEA revises oil demand up, OPEC blames hype, Offshore wind chokepoint, Australia loves gas, Rise of coal, California’s shaky grid, Scrutiny for coal mines, and more.
Chart of the Day: Cushing Crude Oil Inventories Recovered
Summary
Figure (1) above shows trends in Cushing crude oil inventories. After declining to near-record levels causing some pundits to ring alarm bells, inventories recovered nicely in recent weeks.