This is a guest blog by Noam Raydan, Geopolitical Analyst at ClipperData. She focuses on political and security developments that could disrupt petroleum flows around the globe. She previously worked as a reporter for the Wall Street Journal and the Financial Times at their Beirut bureaus, covering Lebanon, Syria, and Iraq. She has also been a research analyst and consultant, focusing on...Continue Reading
A Bloomberg article about electric buses in China is getting a good amount of mileage (sorry), and rightly so, given its detrimental impact on product demand (hark, ~70kbd this year). While China increases its focus on electric vehicles and takes aim at fuel emissions, it is also becoming a bigger player in the global fuels market, as exports increase amid higher domestic refining activity.Continue Reading
As oil prices hover close to multi-year highs, Saudi's Oil Minister has hit the wires saying that OPEC 'shouldn't be complacent and listen to some of the noise such as mission accomplished' . Just as we learned earlier in this economic cycle via 'don't fight the Fed', we too should take heed: 'Don't fight the Falih'.Continue Reading
This morning's appearance on CNBC's Worldwide Exchange hit the typical high notes re US output and and geopolitical tension, but we also discussed tariffs - and how a potential trade war could impact energy flows to China. Hark, click on the below mugshot to launch to the clip - while also check out the charts below of propane and crude flows referenced:Continue Reading
I was on the set of CNBC Squawk Box this morning talking about the oil forward curve and gasoline fuel economy, as well as being on CNBC Asia last night, discussing geopolitical tension.
Being Friday the 13th, there were ghoulish events going on: Hark, click on the ghost over my left shoulder to launch to the clip for Squawk Box (is the second half of the segment), while the CNBC Asia clip is...Continue Reading
Today's vlog takes a look at Venezuelan flows, not only of exports, but of diluent imports as the Latin American nation tries to keep its exports flowing amid falling production. Hark, click on the below graphic to launch to the clip (and here is a link to yesterday's 'This Week in Petroleum').Continue Reading
Happy Middle O'Week! In an effort to bring our ClipperData to life a bit more, here's an inaugural vlogpost discussing a Wall Street Journal article from earlier this week about US oil exports, which was based on our data. We also take a look at some of the current and emerging trends we see.Continue Reading
After being in the works for well over half a decade, China is finally launching its own crude futures contract next week, with the ultimate goal of creating a yuan-denominated global crude benchmark. The contract will comprise of seven grades that can be accepted for delivery: Dubai Fateh, Upper Zakum, Oman Export, Masila, Qatar Marine, Shengli and Basrah Light.Continue Reading
At the good ship Clipper, we like to look at flows from two perspectives: sinks and sources. The sources are the main origins of the flows: The key exporting regions such as the Middle East, Latin America and West Africa. As for the sinks, they are key regions to which these barrels drain into.Continue Reading
'IMO 2020' is going to usher in a mammoth sea change for the global petroleum market. On January 1, 2020, the International Maritime Organization (hark, IMO) - the agency that regulates the global shipping market - will enforce a global sulfur cap of 0.5% on marine fuels.
While this is this going to have the biggest impact on fuel oil and middle distillates, it is also going to influence the...Continue Reading