ClipperBlog

12 June

Leaving the light on

As domestic production continues to roar back, the U.S. is importing light crude at an increasingly stronger pace. After light crude imports dipped to around 1 million barrels per day in early 2015 - as U.S. production peaked at 9.6mn bpd - imports have rebounded steadily since, while production waned through the latter half of 2015 and the first half of 2016.

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Tagged Nigeria oil exports, US crude imports, North African oil exports, west african oil exports 3 Comments
08 June

ClipperClip: Narrowing spreads

In this morning's appearance on CNBC Squawk Box, we discussed the potential for the Brent-WTI spread to move closer to parity given increasing production and exports from Nigeria and Libya, and how this could close the door on US exports. Hark, click on the below mugshot to launch to the clip:

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Tagged Nigeria oil exports, OPEC, Libya oil exports, US oil exports 6 Comments
06 June

Not shaken, nor stirred

As pockets of geopolitical tension leave the crude market neither shaken nor stirred, hark, today we dig into some of these hotspots to see what their energy flows look like, and how they could be impacted: 

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Tagged Venezuela oil exports, Qatar LNG exports, Qatar condensate exports Leave a comment
06 June

ClipperClip: Limited Impacts

I dashed to the Rockefeller Center yesterday evening to do a segment on CNBC Asia, not realizing CNBC's studio was located next to the dressing rooms for 'The Tonight Show'. Hence, not only did I get a wee bit lost, but I also managed to do some celeb-spotting in the process. As for the segment, we mostly discussed Qatar and its energy flows; hark, click on the below mugshot to launch to the...

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Tagged OPEC exports, Qatar, global crude flows 4 Comments
02 June

Oil roiled

As oil ventures into forty dollardom once more, today's blog takes a peek at a number of supply side influences, from Basrah buoyed to Brazil nuttiness, all via a 'call on shale'. Hark, here are a number of things to consider in oil markets today:   

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Tagged Nigeria oil exports, Brazil crude oil exports, Iraq oil exports, US oil exports Leave a comment
26 May

The Hangover

No sooner had the dust settled after the conclusion of the latest OPEC meeting (with oil traders selling the market like hot cakes), we got Saudi oil minister Khalid Al-Falih saying that exports to the US were dropping measurably

While this has caused a good degree of excitement in the market, we here at the good ship ClipperData had already highlighted at the beginning of this month that...

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Tagged OPEC exports, Saudi oil exports Leave a comment
25 May

Extension reflects OPEC's shortcomings

As OPEC's latest meeting concludes in Vienna, just a glimpse at the charts below helps explain why the cartel's production cut deal has been extended for another nine months: it hasn't worked so far.

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Tagged OPEC oil exports, US oil imports 2 Comments
23 May

Limbering up for OPEC

Last week we discussed how some OPEC producers are exhibiting compliance via lower exports, while others are not. Our export data affirms what others are saying about Iraq: that OPEC's second-largest producer has not been playing ball

Exports out of the south of the country continue to hold up, above 3 million barrels per day, while exports from the north are also consistently holding above...

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Tagged Iraq oil exports Leave a comment
19 May

The complexity of OPEC compliance

One of the biggest conundrums of the OPEC / NOPEC production cut from a ClipperData perspective is that no sooner does a producer appear to be showing compliance via lower exports, lo and behold, volumes rebound.

Some producers have been fairly consistent in their discipline, barring a few blips (bravo, Saudi), while others stand on the sidelines, looking in the other direction (here's...

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Tagged OPEC oil exports, UAE oil exports, OPEC compliance Leave a comment
16 May

Subdued crude amid ample supply

Talk of rebalancing from the IEA and OPEC / NOPEC assurances of an extended production cut have not been enough to encourage the market higher. Even though global crude flows are showing new trends, the key takeaway is that the market appears well-supplied - at least for now. With that in mind, hark, here are five things to consider in oil markets today: 

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Tagged US oil imports, Russia oil exports, Bakken crude to Asia 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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