ClipperBlog

26 April

Strong imports can't stop crude draw

In today's game of rock-paper-scissors from the weekly EIA inventory report, crude inputs were propelled higher (like a rock), blunting the impact of super-strong imports (the scissors). On paper, the crude draw is bullish, but a modest rally is being kept in check somewhat by solid builds to the products. Hark, here are five things to consider in oil markets today:  

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Tagged Saudi Arabia oil exports, Venezuela, refinery runs, Iraq oil exports, Trainer refinery Leave a comment
21 April

Global crude loadings tick higher

Crude prices are heading lower again, rounding out a downbeat week, as the expectation of an OPEC production cut extension is more than outweighed by an ongoing lopsided market. As oversupply fears enter the fray once more, hark, here are five things to consider in oil markets today:  

 

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Tagged China product exports, DUCs, Permian Basin, total global crude loadings, Caribbean exports Leave a comment
20 April

Crude waiting offshore in US Gulf rises

Oil is trying to recover after yesterday's shellacking, but oversupply fears still remain. As rumors and murmurs circulate about an extension to the OPEC production cut, hark, here are five things to consider in oil markets today:

 

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Tagged Venezuela, DUCs, pdvsa, OECD inventories, Southeast Asia crude, US crude waiting offshore 2 Comments
19 April

Saudi's balancing act

After a lesser draw than expected to crude inventories, oil is selling off on this third Wednesday in April. As strong imports from the Middle East this week should help to buoy inventories for next week's report, hark, here are five things to consider in oil markets today. 

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Tagged Saudi Arabia oil exports, Saudi Arabia oil inventories, IMF Leave a comment
18 April

Latam flows and frack sand

Oil is on the defensive again, retracing from resistance in recent days amid bearish U.S.-centric data of rampant production increases. Despite the Good Friday holiday, we get the EIA inventory report at the usual time tomorrow, but for now, hark, here are six things to consider in oil markets today:  

 

 

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Tagged Permian Basin, frack sand, US imports of Latin American crude 1 Comment
11 April

Oil bobbing ahead of monthly reports

Today is national submarine day, and oil prices are trying not to submerge after a recent sustained rally. Today we get the opening gambit from the triumvirate of reports from the EIA, IEA and OPEC, with the EIA's short term energy outlook on deck first. OPEC is waiting in the wings tomorrow, before the IEA's Oil Market Report follows as the caboose on Thursday. In the meantime, hark, here are...

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Tagged Algeria oil exports, Iran oil exports Leave a comment
07 April

Atlantic Basin crude heads to Asia

After oil prices spiked higher overnight amid a U.S. airstrike on Syria, an underwhelming monthly employment report this morning has helped to unravel most of these gains. As the market awaits CFTC and rig count data this afternoon, hark, here are five things to consider in oil and energy markets today:

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Tagged West African Flows, Asia demand, Latin american oil exports Leave a comment
06 April

Floating storage holding up despite Iran drop

Oil is ticking higher today, as the market continues to bet on the prospect of market tightening. As Nonfarm payrolls beckon tomorrow, hark, here are five things to consider in oil markets today.  

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05 April

Oil waiting in US Gulf rebounds

The crude complex is feeling charitable today, giving away most of its overnight gains, as last night's bullish API report head-faked the market. As Nonfarm Friday looms next on the radar, hark, here are five things to consider in oil markets today.

 

 

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Tagged US oil imports, us oil exports to China, mexican oil exports Leave a comment
03 April

UAE: oil exports down, gasoline imports up

WTI and Brent crude start Q2 in fifty dollardom, as the market continues to grapple with market rebalancing and OPEC compliance. As the market awaits signs of a tightening market, hark, here are five things to consider in oil markets today:

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Tagged us oil and product inventories, UAE gasoline imports, pdvsa 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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