ClipperBlog

22 February

Pass the Parcel

Crude prices are selling off today as gasoline holds up relatively better, as refiners playing 'pass the parcel' of bearishness betwixt the two. As refiners make economic run cuts due to lower profit margins, gasoline inventories are set to drop going forward amid lower supply....while crude inventories are set to continue to swell. Hark, here are five things to consider in oil and energy...

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Tagged refinery runs, U.S. crude imports, solar, shale break-evens, forward curve Leave a comment
20 February

Something's gotta give

U.S. markets are closed today in observation of Presidents Day, but crude prices are still trucking on higher in thin electronic trading. Fun and games have been deferred until later in the week, with the EIA inventory report pushed back until Thursday. As for today, hark, here are five things to consider in oil and energy markets:

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Tagged LNG exports, Saudi oil exports, financial positioning, nuclear power 2 Comments
17 February

Pops and drops keep crude in tight range

Oil is ticking lower today, under the weight of record crude and gasoline inventories, but with OPEC production cuts providing a supportive backdrop (...and peeking around the curtain). As Friday afternoon approaches, and the prospect of conflicting data from a rising rig count and bullishly-positioned CFTC data, hark, here are five things to consider in oil and energy today. 

 

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Tagged Oman oil exports, Angola oil exports, UAE oil exports, Solar energy, murban exports Leave a comment
14 February

U.S. Producers feel the love on Valentine's Day

In honor of Valentine's Day, oil prices are following the arc of Cupid's arrow, and heading higher.  Although another likely bearish weekly inventory report lies in store tomorrow, production cut expectations carry more influence - at least today - to encourage a rally. Hark, here are five things to consider in oil markets today. 

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Tagged Nigeria oil exports, OPEC, Libya oil exports, India oil demand, Permian Basin 1 Comment
13 February

As good as it gets

Oil is charging lower to start the new week, as the monthly OPEC oil market report has done little to assuage oversupply concerns - despite the cartel's proclamations of production cut compliance and upward revisions to oil demand growth. Hark, here are five things to consider in oil markets today:  

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Tagged OPEC oil exports, Basrah heavy, basrah light, Urals, fertilizer Leave a comment
10 February

US LPG exports reach another record

 A supportive IEA monthly report has encouraged a Friday rally for black gold, Texas tea. As prices ping around in their current tight trading range, approaching resistance once again, hark, here are five things to consider in oil (...and LPG...and LNG!) markets today:  

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Tagged LNG exports, LPG exports, US LPG exports, iea oil market report 1 Comment
09 February

U.S. crude exports impact regional pricing

Oil prices are moving back toward the top of their recent trading range, looking to muster a test of resistance once more. As positivity abounds amid new intraday record highs for U.S. equity markets, hark, here are five things to consider in oil markets today:

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Tagged US gasoline exports, EIA STEO, US oil exports Leave a comment
08 February

Sell the rumor, buy the (bearish) fact

Today's price action has been a case of sell the rumor, buy the (bearish) fact, as the affirmation of a gargantuan crude build from today's weekly EIA report has stoked some buying interest. All we can suggest is that last night's API print took the sting out of today's number, while a surprise draw to gasoline seems to be pulling crude higher by its bootstraps. Hark, here are five things to...

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Tagged Angola oil exports, Permian Basin, German electricity Leave a comment
07 February

Oil tonked again

Oil is getting tonked for a second consecutive day, as prices have run into resistance at the top of their trading range, sending them staggering lower once more. With record net-long speculative positioning, a couple of days of selling could really ignite a bout of profit-taking (especially with the prospect of another bearish inventory report tomorrow). Hark, here are five things to consider...

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Tagged US east coast oil exports, propane exports, BP, US LPG exports Leave a comment
06 February

Oil takes lead from Lady Gaga

Rather than rallying like Tom Brady and the New England Patriots, oil today is instead dropping faster than Lady Gaga's mic, ushered lower by a stronger dollar and ongoing expectations of an amply supplied market. Hark, here are five things to consider in oil markets today:   

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Tagged OPEC oil exports, U.S. oil imports, U.S. LNG exports, Japan LNG imports Leave a comment

About the Author

Matt Smith deciphers and distills what is most relevant across the energy complex into cohesive and pithy knowledge you can use. The belly laugh is a bonus.

Matt Smith

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