Best in Energy – 6 July 2022

India limits gasoline and diesel exports

China issues new fuel export quotas

EU relaxes oil sanctions on Venezuela

Global LNG: trade report and statistics

U.S. recession indicators mixed ($WSJ)

Qatar is big winner from gas war ($FT)

BRENT’s front-month futures price fell -$10.73 (-9.5%) on July 5. The decline came on a day with little new information about production or consumption but traders seemed to anticipate a higher probability of an economic slowdown. In percentage terms, the decline was the third-largest since July 2020 and 4.1 standard deviations away from average since 1990:

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Published by

John Kemp

Energy analyst, public policy specialist, amateur historian