ClipperBlog

17 January

Colombia crude exports drop amid unrest

Crude exports out of Colombia in recent years have averaged just over 600,000 barrels per day, with exports typically highest in January, before gradually descending through the year. To start this year, however, export volumes have dropped off considerably, as unrest rises up in the country once more. 

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Tagged vasconia, us crude exports, colombia crude exports, castilla Leave a comment
15 January

A Peek at ClipperView

We are again on the road this month, presenting our six-month proprietary outlook for global oil and products, driven by the trends we see in our ClipperData. We will be covering various commodities, from crude oil to fuel oil, from gasoline to LPG and beyond, as well as emerging trends we see across various geographies, including Europe, Asia and the Americas.

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Tagged US crude imports, Chinese gasoline exports, Asia fuel demand, Chinese gasoline imports Leave a comment
12 January

LNG to add to Russian energy flows to the US

The potential first delivery of Russian LNG to U.S. shores is ruffling some feathers, due to sanctions in place on Novatek, one of the partners in the Yamal LNG terminal - the apparent origin of the LNG heading to the Everett LNG terminal in Boston.  While sanctions may still be in place with certain Russian entities, the U.S. is a regular recipient of Russian oil and products. 

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Tagged US crude imports, US gasoline imports, naphtha, Yamal LNG terminal, russia lng exports 1 Comment
10 January

Angola Unpegged 

In an effort to shore up dwindling reserves, Angola has decided to unpeg its currency, the kwanza, from the U.S. dollar - a peg which has been in place since April 2016

Angola's foreign exchange reserves have halved since 2014, as the West African nation has attempted to defend the kwanza versus the U.S. dollar. Unpegging the currency has caused a swift 10 percent weakening in the currency,...

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Tagged Angola oil exports, kwanza Leave a comment
09 January

New twists in OPEC flows

Last week, we discussed changing trends in Iraqi crude flows into AsiaTotal deliveries of OPEC crude to China rose last year by 300,000 bpd, as cartel members looked to keep one of its key growth markets well supplied.

Even though Iraqi deliveries into China reached the highest on our records in November at a million barrels per day, arrivals in 2017 were actually down versus the prior year,...

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Tagged China oil imports, OPEC exports, Saudi crude exports, OPEC exports to the US Leave a comment
05 January

A Tale of Two Cities

It is both the best and worst of times for the current Iraqi oil market. Iraqi oil minister Jabbar al-Luaibi said this week that Iraqi oil fields in the south of the country had recorded an 'unprecedented' surge in daily exports from Basrah during the last month. All the while, loadings in Ceyhan, Turkey, of crude from the Kirkuk pipeline in the north of the country continue to remain in check...

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Tagged Basrah heavy, basrah light, Iraq crude exports, kirkuk crude Leave a comment
03 January

ClipperClip: Iran Concerns

This morning's appearance on CNBC Squawk Box was amusing, as we were supposed to do a segment on US natural gas amid the impending 'bomb cyclone', but anchor Joe Kernen didn't want to. Instead we discussed one of ClipperData's big concerns for this year - the impact of geopolitical tension on the oil market, now that we are closer to balance. Hark, click on the below mugshot to launch to the...

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Tagged Iran oil production, geopolitics 1 Comment
21 December

ClipperClip: 100 million barrels

I got to chat with my buddy, the mighty Dan Murphy, on CNBC Asia last night, and we covered a fair bit of ground: US crude inventories and the role of exports in reducing them, the Forties pipeline outage and who will plug the gap, and how Saudi must be feeling about the oil market (spoiler alert: absolutely delighted). Hark, click on the below mugshot to launch to the clip:

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Tagged Saudi oil exports, US oil exports, us product exports, Forties pipeline outage 1 Comment
20 December

LNG imports reflect rising Chinese demand 

Official data out this week show that Chinese natural gas consumption has surged through the first eleven months of 2017, up 19 percent year-on-year.

China is the third largest consumer of natural gas in the world, behind the U.S. and Russia, and is expected to show the strongest demand growth over the coming decades - propelling it into second place by 2040.   

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Tagged LNG exports, Qatar LNG exports, Australia LNG exports 1 Comment
14 December

ClipperClip: Beverly Hills Cop

On the set of CNBC's Squawk Box this morning, I explained how US net imports of crude and products haven't been this low since Beverly Hills Cop was number one at the box office - in February 1985.

It turns out that Beverly Hills Cop is Andrew Ross Sorkin's favorite movie, Joe Kernen hated the sequels, and Becky Quick guessed the right year.

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Tagged CNBC, us net oil and product imports 2 Comments

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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