ClipperBlog

17 November

Changing Trends in Iraqi Crude and Fuel Oil Exports

Since the Kurdish referendum in late September, when Iraqi Kurds overwhelmingly voted for independence from Iraq, there has been a drop in crude flows through the Kirkuk-Ceyhan pipeline, as tension has ratcheted up in the region.

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Tagged Iraq, Kirkuk oil, Iraq crude exports, Kurdistan, iraq fuel oil exports Leave a comment
09 November

Booming US product exports

The U.S. export boom continues apace. And not only from crude exports, which clambered above 2 million barrels per day in recent weeks, but from the product piece of the pie too. Joining rising gasoline and distillate exports from the U.S. has been LPG. And not just propane or butane, but ethane as well - as our ClipperData illustrate below. 

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Tagged US gasoline exports, US middle distillate exports, US propane exports, US ethane exports Leave a comment
07 November

Contrasting crude flows from Saudi and Iraq

We've been harping on in recent weeks about how Saudi has been slashing crude flows to North America, but as we can see in  our ClipperData below, it has been cutting flows to other key markets too.
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Tagged Saudi crude exports, Iraq oil exports, china crude imports Leave a comment
03 November

Changing crude grades to US shores

Last week we discussed how flows from Saudi Arabia into the U.S. were about to be surpassed by Iraq for the first time since 1985 (teeing up Back to the Future / Carly Simon / Tears for Fears references). With October closing out, this has now become fact. Such a reversal highlights Saudi Arabia's ongoing willingness to give up market share...even if other cartel members are not.

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Tagged US crude imports, API crude grades Leave a comment
30 October

On the road

I've been on the road - on walkabout as the Australians would say - for the last four weeks, doing a number of speaking engagements and trips across America. As we all know, all paths lead back to energy,  hence, on my travels I have seen a bunch of energy infrastructure that I normally just study on a screen. Hark, here are some of those places, and some corresponding insights via our...

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Tagged US crude imports, US gasoline exports, ExxonMobil Baton Rouge refinery, Texas refineries, PES Philadelphia refinery, Phillips 66 Bayway refinery, US middle distillate exports 7 Comments
26 October

Back to the Future

Wowee, 1985 showed a rich vein of form for movies. It was the year that spawned The Goonies, The Breakfast Club,  Spies Like Us, Fletch and Back to the Future. It is Michael J Fox's breakthrough movie as Marty McFly which is particularly appropriate this month, given an event that is unfolding in the oil market which has not occurred in the last 32 years. 

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Tagged Saudi crude exports, OPEC oil exports, US oil imports, Iraq oil exports Leave a comment
24 October

ClipperClip: To Aramco...and beyond!

This morning's appearance on the set of CNBC Squawk Box started off discussing Saudi Aramco's IPO next year, and ended up covering global demand growth, and the unusual places it is coming through from. Hark, click on the below mugshot to launch to the clip: 

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Tagged OPEC, Saudi Arabia oil exports, Saudi Aramco IPO 1 Comment
12 October

Saudi crude exports drop to key regions

Saudi Arabia continues to lead the charge in terms of the OPEC production cut deal - not only by keeping exports in check, but also by clearly communicating its next steps. By following through on its rhetoric, it has brought some much-needed credibility to the production cut deal - despite a lack of commitment from some other members.   

 

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Tagged Saudi Arabia, Iraq crude exports, OPEC crude exports Leave a comment
12 October

ClipperClip: US oil exports rip

Yesterday evening's appearance on CNBC Asia covered two key topics: OPEC and the US. While the monthly OPEC report had something for both bulls and bears, the US is in an intriguing situation where crude imports are lower while exports are higher. Hark, click on the below mugshot to launch to part of the interview:

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28 September

Elasticated Exports

It is now a little over a month after Hurricane Harvey made landfall on the US Gulf Coast. While some refineries are still in the process of ramping up activities, refining utilization is clambering back higher towards historical norms. This improvement is being reflected through in higher crude and product flows, with product export activity looking particularly elasticated, snapping back...

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Tagged US crude imports, US gasoline exports, us diesel exports, US gulf coast refinery runs 1 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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