ClipperBlog

14 December

ClipperClip: Beverly Hills Cop

On the set of CNBC's Squawk Box this morning, I explained how US net imports of crude and products haven't been this low since Beverly Hills Cop was number one at the box office - in February 1985.

It turns out that Beverly Hills Cop is Andrew Ross Sorkin's favorite movie, Joe Kernen hated the sequels, and Becky Quick guessed the right year.

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Tagged CNBC, us net oil and product imports 2 Comments
13 December

US Exports Continue to Evolve

CNBC published an article late last week based on our ClipperData, highlighting how deliveries of U.S. crude grades into China climbed to a record in November.

As U.S. crude and product export markets evolve, new patterns in loadings, destinations, grades and purchasing present themselves in our granular data. 

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Tagged US LNG exports, china crude imports, us crude exports Leave a comment
08 December

Push-me-pull-you Mexico flows

Mexican energy flows are reminiscent of Dr. Dolittle's mythical animal, the push-me-pull-you, as they are beckoned and ushered in contrasting directions. 

U.S. imports of Mexican crude last month climbed above 800,000 bpd for the first time since November 2014. This is the result of a number of factors, but in large part due to hurricane disruptions in recent months.

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06 December

No holiday cheer for US from OPEC

After the dust has settled on last week's OPEC meeting, the cartel's impact on U.S. oil inventories is set to linger on. Stocks are at their lowest level since January 2016, and are down over 80 million barrels from their peak in March - in spite of a 30 million barrel injection from the SPR.

As we head into the holiday season, the U.S. should expect little in the way of holiday cheer from...

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Tagged OPEC, Saudi Arabia oil exports, Iraq oil exports, OPEC exports to the US Leave a comment
01 December

Lower Flows Highlight Venezuelan Plight

Venezuelan president Nicolas Maduro said this week that PdVSA is willing to retaliate against financial sanctions from the U.S. by suspending oil exports to the country, sending crude to Asia instead.

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01 December

ClipperClip: Much Ado About Nothing

Last night's appearance on CNBC Asia addressed the developments - or lack thereof - from yesterday's OPEC meeting, and what could happen next year. Hark, click on the below mugshot to launch to the clip:

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Tagged OPEC, Saudi Arabia, Russia Leave a comment
30 November

OPEC #winning?

The mood in Vienna this week is considerably more chipper than it was in June. This is because the cartel appears - in the words of Charlie Sheen - to be #winning.   

But it hasn't all been plain sailing. In fact, it's been decidedly choppy. From an export perspective, certain cartel members have made a concerted effort to keep crude off the market,  while others have blatantly not. Saudi...

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29 November

ClipperClip: All about Saudi

This morning's appearance on CNBC's Squawk Box addressed the impending OPEC meeting, and how Saudi continues to lead the charge in the production cut, and will dictate the shots going forward. Hark, click on the below mugshot to launch to part of the clip:

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Tagged Saudi Arabia oil exports, Venezuela oil exports, Iraq oil exports, Iran oil production Leave a comment
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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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

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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