ClipperBlog

13 March

Oil steadies the ship

And it's shaping up to be another fun week in the crude complex, with OPEC releasing its monthly oil market report on Tuesday, swiftly followed by the IEA's monthly oil market report the day after. As oil is looking a little steadier after reaching our downside target, hark, here are five things to consider in oil markets today:

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Tagged Asia oil imports, retail gasoline prices, UAE oil exports Leave a comment
09 March

ClipperClip: Boiling Kettles

Yesterday evening I appeared on CNBC Asia to discuss the swift and sharp sell-off in oil prices with the mighty Dan Murphy. We also discussed ClipperData's latest white paper about unusual flows, in which we highlight Singapore floating storage as key gauge of market oversupply. Dan subsequently wrote this piece on the topic. 

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Tagged oil inventories, Singapore floating storage 3 Comments
08 March

Record US inventories weigh on oil

As U.S. crude inventories jump to a further record high, prices are chugging lower once again. A backdrop of strong economic data is also helping to sweep crude lower, via the broom of a stronger dollar. As focus shifts back onto weaker U.S. fundamentals, hark, here are five things to consider in oil markets today.  

 

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Tagged Nigeria oil exports, EIA inventory report, US oil imports, North Sea oil exports Leave a comment
07 March

A bullish snore & bearish pause

Crude continues to churn in its tight trading range, little moved by Libyan supply concerns, nor by rhetoric coming out of CERAWeek in Houston. As we await another weekly dose of U.S. inventory data, all we can hear are bullish snores amid a bearish pause (paws?). Hark, here are five things to consider in oil markets today:

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Tagged Qua Iboe, Permian Basin Leave a comment
03 March

OPEC and donuts

Crude prices are getting up off the canvas after being knocked down yesterday, helped up by a falling dollar ahead of lots of Fedspeak. Nonetheless, prices are holding in their tight range, as OPEC compliance seems to have more holes than a donut factory, while dollar strength should return soon as a U.S. March rate hike looks increasingly baked into the donut cake. Hark, here are five things...

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Tagged Nigeria oil exports, OPEC, OPEC oil exports, Angola oil exports 1 Comment
28 February

OPEC output marching higher

Crude is easing lower on this last day of February, as other sources are endorsing what we said last week - that OPEC production and exports are on the rise. As gasoline weakness leads the complex lower, hark, here are five things to consider in oil markets today.    

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Tagged Nigeria crude oil exports, Saudi Arabia refinery runs, Saudi Arabia product exports Leave a comment
24 February

OPEC / NOPEC exports indicate non-compliance

Has no-one really done a 'getting riggy with it' pun yet? Ok then, here it goes. We've made it to Friday, which means we get a couple of data points to hold our attention at the tail-end of the trading week. First we get the Baker Hughes report, which will once again likely be getting riggy with it (Ta-dah!), as prices in fifty-dollardom continue to incentivize drilling activity. After that we...

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23 February

Asia is a crude magnet

After a bullish-tilted weekly EIA report, crude is holding onto gains - and once again bumping its head on the top of its trading range. As OPEC cuts and rising shale continue to do battle, hark, here are five things to consider in oil markets today.

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Tagged Brazil oil exports, Asia oil imports, pre-salt formations, US gasoline imports 2 Comments
22 February

Pass the Parcel

Crude prices are selling off today as gasoline holds up relatively better, as refiners playing 'pass the parcel' of bearishness betwixt the two. As refiners make economic run cuts due to lower profit margins, gasoline inventories are set to drop going forward amid lower supply....while crude inventories are set to continue to swell. Hark, here are five things to consider in oil and energy...

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Tagged refinery runs, U.S. crude imports, solar, shale break-evens, forward curve Leave a comment
20 February

Something's gotta give

U.S. markets are closed today in observation of Presidents Day, but crude prices are still trucking on higher in thin electronic trading. Fun and games have been deferred until later in the week, with the EIA inventory report pushed back until Thursday. As for today, hark, here are five things to consider in oil and energy markets:

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Tagged LNG exports, Saudi oil exports, financial positioning, nuclear power 2 Comments

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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