US Sanctions on Russian tankers elevates Asia's competition for Middle Eastern crude supplies with knock-on effects for US energy exports as Trump tariffs inch closer
Data from the General Administration of Customs, China, shows crude imports fell to 11.2 MMb/d in December from 11.72 MMb/d in November for a 2024 average of approximately 11 MMb/d
A closer look at fund managers' energy market futures and options positioning
The US Treasury Department's Office of Foreign Assets Control (OFAC) released the toughest sanctions on Russian tankers since the start of the Russia-Ukraine War in 2022.
Record high weekly crude imports from Canada in the first week of 2025 contrast against a steady decline in imports from Mexico as Pemex production troubles continue.
The Jan 1 expiration of the US debt ceiling suspension enacted under the Fiscal Responsibility Act of 2023 leaves the Treasury Department with just one to two weeks until the US reaches its new debt limit.
Russian gas flows through Ukraine halted on Jan 1, pulling more supplies from Western Europe.
Cushing OK crude stocks fall to their lowest seasonal level in the history of DOE data in the final US inventory report of 2024.
Russian gas flows through Ukraine are due to halt on Jan 1 with the expiration of the Gazprom-Ukraine transit agreement.
Guyana's latest production data shows output reached its second-highest daily average on record in November, five years after the Exxon-led consortium began producing.
