Daily Energy Report
Brazil oil exports dip, Iraq oil exports, Oil oversold, Aramco expects demand growth, EIA destroys reputation, TMX capacity fails on price, China battery overcapacity, and more.
Chart of the Day: Brazil Oil Exports are Declining!
Summary
Figure (1) shows trends in Brazil’s exports of crude and condensate since the beginning of 2013 by destination. Exports increased almost 8-fold. Exports have been declining in recent months. Possible reasons are listed below.