ClipperBlog

15 March

Sweet! Crude!

'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
Tagged heavy sweet crude 4 Comments
09 March

The more things change...

In the latter half of last year, we highlighted how Saudi deliveries to Motiva's Port Arthur refinery had been surpassed by Iraqi barrels for the first time on our records. While this trend has now reversed, when it comes to total OPEC flows, the more things change, the more they stay the same. 

Continue Reading
Tagged Saudi crude exports, US crude imports, Iraq crude exports Leave a comment
07 March

ClipperClips: All Shook Up 

After yesterday morning's appearance on CNBC's Squawk Box talking supply and demand, I book-ended the day with an evening appearance on CNBC Asia. Steel tariffs remained front and center, particularly as Gary Cohn's resignation hit the wires about 7 seconds before the interview started...

Continue Reading
Tagged steel tariffs, texas standard, us natural gas exports Leave a comment
06 March

ClipperClip: The Bigger Picture 

I was on the set of CNBC's Squawk Box this morning, doing a trading block segment with currency guru Nick Bennenbroek. We avoided the 800-pound gorilla in the room - the impact of tariffs on the energy industry - with anchor Joe Kernen instead focusing on global demand and supply. Hark, click on the below mugshot to launch to the clip.   

Continue Reading
Tagged US shale production, OPEC crude exports 1 Comment
02 March

The Och Aye Nessie Formation

I've had some great interactions with readers lately, be it via blog comments or on Twitter. These discussions inevitably spur on a topic or two to dig into. Hence a recent blog comment has prompted this reply. Hark Och aye, read on! 

Continue Reading
Tagged Saldanha Bay, crude oil storage 1 Comment
22 February

OPEC, NOPEC, Rock'n Roll!

I was jesting the other day about who would be on guitar in OPEC's supergroup, but it got me thinking about the various global oil producers, and how their traits could be reflective of their musicianship. This is where it led me...

Continue Reading
Tagged Libya crude exports, angola crude exports, Russia crude exports 4 Comments
20 February

ClipperClip: Hotspots and Supergroups

Every other week I kick off Mondays with a segment on NPR's Texas Standard. This morning we discussed OPEC's forming of a 'supergroup', and who would be on guitar (part of that statement is true).

Continue Reading
Tagged OPEC, nopec Leave a comment
16 February

Saudi exports muddy the waters

Saudi Arabia continues to keep the market informed about its stance on the OPEC production cut deal, with Khalid al-Falih's latest guidance that Saudi would prefer to overtighten the market than exit early from cuts (channeling Neil Young's 'it's better to burn out than fade away'). 

Continue Reading
Tagged Saudi Arabia oil exports, US imports of Saudi crude, Saudi Aramco IPO 3 Comments
14 February

A Passage from India

Indian oil demand rose over 10 percent in January, up for a fourth consecutive month. Although much of the magnitude of the year-on-year improvement is due to last year's low base, with consumption in January 2017 hamstrung by the hangover of demonetization, the upward trend signals ongoing strength in the Indian economy.

Continue Reading
Tagged India oil exports, India middle distillate exports, India gasoline exports Leave a comment
12 February

Go East! 

We recently discussed Iraqi flows to the U.S., and how they continue to exhibit strength. Iraqi flows to the U.S. last year averaged just under 600,000 bpd, up a third from 2016's volume. While January deliveries were robust, clambering above 700,000 bpd, they were even more impressive to Asia, rising to a record. 

Continue Reading
Tagged Iraq oil exports, Basrah heavy, India crude imports, basrah light, china crude imports 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

Subscribe to Email Updates

New Module

Add content here.