SAF Group Dec 29, 2024 Energy Tidbits Memo Should be Posted by Noon MT

The SAF Group Dec 29, 2024 Energy Tidbits memo should be posted by noon MT on the research section of our SAF Group website [LINK]. (i) Vortexa crude oil floating storage for Asia and total World have both down from late Nov/early Dec highs, which seems to suggest Iran floating storage off Asia has cleared up. (ii) As of our 7am MT news cut off, Russia natural gas imports to Europe via Ukraine are still expected to stop after Dec 31. (iii) There should be less of a debate on oil demand growth rates in 2025 given the relatively tight range of demand forecasts. And likely gives OPEC ?a better chance to manage oil markets in 2025. (iv) Deliberate or not, we think Trump is right to try to get Europe and Asia to prioritize buying US LNG given the upcoming rush of US LNG supply, especially from the US. (v) Japan backing off emissions reduction goal as have to balance decarbonization with economic growth. This will be a continuing building theme for countries that have to kick the can down the road for energy transition aspirations. (vi) There are many other items in today’s Energy Tidbits memo. (vii) ?The year went by so quickly, which made it easy to write Energy Tidbits memos every weekend in 2024 given it was a year of so much happening in energy and markets. ?(viii) ?Please follow me on Twitter/X at [LINK] for breaking news that ultimately ends up in the weekly Energy Tidbits memo that typically gets posted by Sunday noon MT. I hope our SAF Group Energy blogs, Energy Tidbits memos, Linkedin articles and Tweets help with your perspective on energy and markets. Thank you for your support to my Energy Tidbits memos and tweets. Last but not least, Happy New Year and I wish everyone all the best in 2025!

Dan T