Guyana's March production data showed a 21 kb/d M/M decrease in average daily crude production to 628 kb/d, dropping average daily output for Exxon's three FPSOs in 1Q25 to 631.6 kb/d from 4Q24's 651.6 kb/d.
China's February crude imports fall 1.7% Y/Y to 10.95 MMb/d, marking the 10th negative annualized change in last fourteen months
Today in oil and natural gas markets:
A closer look at fund managers' energy market futures and options positioning
Analyzing Saudi Arabia's historical market balancing tendencies in low, medium, and high-price regimes points to two scenarios for global crude market participants as OPEC+ plans to bring 411 kb/d of production online in May 2024
Midwest (PADD 2) product stocks collapse after holding above 5YR seasonal range for first quarter of 2025
OPEC's March production data from the April 2025 MOMR shows limited immediate effects of the Trump administration's reinstated maximum pressure campaign on Iran
Argentina has quietly emerged as South America's second-largest crude producer, reaching average daily output of 756 kb/d in December to generate the country's first energy trade surplus since 2003.
Which U.S. energy exports will be most impacted by China's retaliatory tariffs on imported U.S. goods?
