Daily Energy Report
Saudi Arabia’s western ports are set to ship a record volume of crude and refined oil in June and July, according to the latest Energy Outlook analysis. The surge is driven primarily by heightened shipments to Asian markets, offsetting volumes that would normally flow through the Strait of Hormuz. Analysts estimate June exports will surpass previous highs, reflecting both strong regional demand and strategic rerouting. This trend underscores the kingdom’s flexibility in meeting global energy needs amid geopolitical uncertainties.
Daily Energy Report
U.S. refiners are sharply increasing diesel and gasoline exports to Africa as the Iran and Ukraine wars choke supply from the Middle East, India and Russia. Nations such as South Africa, Côte d’Ivoire and Namibia are turning to Gulf Coast...
Daily Energy Report
India has dramatically accelerated its spot LNG purchases to offset disrupted Middle Eastern deliveries and satisfy soaring domestic demand from fertilizer plants, power generators, and households. The country is now securing roughly six spot cargoes each month, up from fewer...
Daily Energy Report
China’s crude oil imports dropped to roughly 7.8 million barrels per day in May 2026, the lowest level since 2017. The shortfall was offset by inventory drawdowns, refinery run cuts and tighter export controls, while Iranian crude shipments fell sharply. Refining...
Daily Energy Report
Europe’s diesel and jet fuel imports stalled in May, falling to 1.16 million barrels per day—a drop of more than one‑third compared with a year earlier. Vortexa data cited by Bloomberg shows the decline is tied to supply disruptions from...
Daily Energy Report
The Energy Outlook Agency (EOA) reports that U.S. oil demand rose 2.2% YoY in March 2026, adding 430,000 barrels per day. Gasoline consumption increased modestly by 1.0%, while distillate demand barely grew 0.26% amid higher fuel prices. Jet fuel and...
Daily Energy Report
Russia’s liquefied natural gas (LNG) exports surged to a record high in May 2026, outpacing previous peaks despite ongoing U.S. sanctions and EU restrictions. The spike was fueled by elevated spot prices linked to the Hormuz Strait crisis, which tightened...
Daily Energy Report
The Daily Energy Report highlights a sharp drop in global strategic petroleum reserves (SPR) since early 2022, with an estimated 114 million barrels lost largely due to the Hormuz crisis. The chart shows that the decline is heavily concentrated in just...
Daily Energy Report
Global commercial crude inventories fell about 37 million barrels from a recent peak, yet they remain above 2025 levels, surprising market observers. The drawdown peaked at more than 51 million barrels before a modest rebound. Analysts and journalists have overstated the decline...
Daily Energy Report
Japan’s crude oil imports are set to rebound to roughly 1.7 million barrels per day in May, about 75% of the year‑earlier level. The recovery follows a sharp inventory decline in April and is driven by new supply contracts for U.S....
Daily Energy Report
China’s weekly onshore oil inventories, which had risen steadily since early 2024, have stalled over the past five weeks. While refinery stocks dropped by 14 million barrels, commercial and strategic inventories remained essentially unchanged. The pause follows a period of aggressive...
Daily Energy Report
Four U.S. LNG tankers – one from Cheniere Energy and three from Venture Global – departed between May 5 and May 18 for Tianjin, marking the first direct U.S. LNG shipments to China during President Trump’s second term. The move follows the...
Daily Energy Report
U.S. jet fuel exports surged to a record weekly level in early May 2026, according to the latest weekly export chart. The data, spanning from the start of 2024, shows a pronounced concentration of shipments to South America, which continues...
Daily Energy Report
EU LNG imports fell 13% month‑on‑month in April 2026, reaching 8.82 million tons—the lowest level since the year began. The decline stemmed from seasonal demand weakness and the abrupt closure of the Strait of Hormuz, which stopped Qatari LNG flows that normally supply about...
Daily Energy Report
Saudi Arabia’s western ports are now exporting an average of 4 million barrels per day (mb/d) of crude, a level that has steadied after recent fluctuations. The crude is moved from eastern fields through the East‑West pipeline, which can handle up...