Daily Energy Report
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Daily Energy Report
India’s rising oil stocks, Biden let Iran boost oil production, Niger pipeline attack, EU’s dangerous gas dependence, LNG: fuel of future, Buffet buys more Oxy, and more.
Note to Readers: The markets will be closed tomorrow in observance of Juneteenth, so there will be no Daily Energy Report. We will resume on Thursday.
Chart of the Day: What is going on in India? Why Are Oil Inventories Rising?
Summary
India’s oil inventories have been increasing since the beginning of the year in a way that does not fit historical trends as shown in Figure (1).