Ukraine suffers widespread blackouts after Russia targets grid
G7/Russia price cap expected to be in line with current oil price
OECD energy expenditure to reach 18% of GDP in 2022 ($BBG)
Germany keen to avoid trade war over energy subsidies ($BBG)
United States prepares to ease Venezuela oil sanctions ($WSJ)
U.S. GASOLINE inventories have remained much closer to normal, in contrast to distillates, with gasoline stocks just -9 million barrels (-4%) below the pre-pandemic five-year seasonal average on November 18:
JKempEnergy.com 