Risk level: Yellow - ElevatedContinue Reading
Welcome to the new home of The GERM Report by Dan Graeber, a commentary on the intersection between geopolitical events and the price of oil. GERM stands for Geopolitical Energy and Risk Monitoring. Dan has a long history in oil markets and an academic background in international relations theory. Apart from energy, he's contributed to the discussion on the foreign policy strategy of...Continue Reading
Amir Richani is the author of today's blog post. Amir is a geopolitical analyst at ClipperData, with a voracious appetite for studying political, economic and social developments in Latin America. He holds a BA in Political Studies, his favorite thing to eat is seafood soup, and his most treasured place in the world is Angel Falls in Venezuela.Continue Reading
The splendidly-directed movie 'There Will Be Blood' by P.T. Anderson is about the early days of the oil boom.
There is an epic scene between actors Daniel Day Lewis and Paul Dano, in which Daniel Day Lewis says: 'I DRINK YOUR MILKSHAKE!'.
This is a century-old hat-tip to directional oil drilling, as Daniel Day Lewis' character has used slant drilling to drain an oil reservoir under an...Continue Reading
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