Crude is delivered to CNPC's Kabala terminal in Myanmar and is stored at Kyaukphyu before being transported by pipeline to the Yunnan refinery in China.Continue Reading
I was in Chicago yesterday giving a keynote speech at a conference, so I grabbed the opportunity to swing by the TD Ameritrade Network and meet Ben Lichtenstein in person.
We did a segment covering all manner of things (as per usual) - including China, the US dollar, inventories, OPEC and gasoline.Continue Reading
After OPEC crude exports hit a record in June, ongoing strength in July seems to affirm a new trend, as opposed to a flash in the pan.
June's pre-OPEC meeting export ramp-up was pretty spectacular, propelling June's exports over 1.5 million barrels per day higher than May.Continue Reading
The VLCC Tianjin left the Corpus Christi lightering zone in the Gulf of Mexico on June 19 with nearly 2.1 million barrels of US WTI / Midland WTI crude on board. It has just discharged its cargo at Reliance's Jamnagar refinery in India, sneaking in before the end of the July to mark a record month of deliveries of US barrels to India.Continue Reading
I really look forward to talking to Ben Lichtenstein or Kevin Hincks on the TD Ameritrade Network; they come at things from a trading perspective, and always have their finger on the pulse. We covered all bases in this latest interview - from trade wars to Iranian tensions to Saudi's tactics to Brent's contango and gasoline.Continue Reading
Last night's appearance on CNBC Asia addressed certain presidential tweets relating to the oil market. While the U.S. threatens to reduce Iran's oil exports to zero, Iran threatens to close the Strait of Hormuz - neither scenario seems likely. Hark, click on the below mugshot to launch to part of the interview.Continue Reading
Today's blog is a guest post by Noam Raydan, Geopolitical Analyst at ClipperData, who assesses current escalating tension in Iran amid water concerns in the oil-rich southern region of the country.Continue Reading
As the U.S. Administration requests its allies to stop purchasing Iranian crude, China may inadvertently be helping out Iran as it has halted the publication of its detailed customs data.Continue Reading
Today's blog is a guest post by Yuwen Li. He is a Data Analyst at ClipperData, specializing in domestic crude flows and U.S. crude exports. Yuwen holds a B.S. in Civil Engineering from Qingdao Technological University in China, and a M.S. in Financial Engineering from NYU.Continue Reading
In this morning's appearance on the set of CNBC's Squawk Box, I used the analogy of OPEC being a soccer team - some member's exports are on the defensive (Iran, Angola, Nigeria, et al), while others are on the attack (core OPEC).Continue Reading