Best in Energy – 14 April 2023

El Niño starts to form in eastern Pacific area

Asia’s refiners switch from gas oil to gasoline

OPEC cites downside risks to oil consumption

China’s crude oil imports accelerated in March

U.S. GAS STOCKS increased by +25 billion cubic feet over the seven days ending on April 7, the first increase since early January, and the largest since early November, as the refill season started. Inventories were +219 billion cubic feet (+13% or +0.48 standard deviations) above the prior ten-year seasonal average but the surplus has narrowed slightly from +262 billion cubic feet (+15% or +0.61 standard deviations) on March 6:

Published by

John Kemp

Energy analyst, public policy specialist, amateur historian