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ClipperBlog

02 February

ClipperClip: A little bit of everything

I've started doing segments on TD Ameritrade's network; they are really good fun. The interviews are typically ten minutes long, so we get to cover a variety of different topics. In this latest one, we dig into the US, OPEC, and all manner of things relating to oil markets, after an initial knee-jerk reaction to the latest economic data releases. Hark, click on the below mugshot to launch to...

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Tagged refinery maintenance season, us oil production, OPEC crude exports, us dollar Leave a comment
30 January

Mexico's import-export see-saw

U.S. gasoline exports averaged just over one million barrels per day in 2017, with a strong push higher at the end of the year (hark, an average of 1.3mn bpd in Q4). As exports registered their highest month of loadings on our records in December, they outpaced middle distillate exports for the first time since November 2016.

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Tagged us product exports, mexico crude exports 2 Comments
19 January

An unenviable accolade

Yesterday's monthly oil market report from OPEC showed that oil production from Kazakhstan likely increased by 180,000 bpd in 2017 to 1.74 million barrels per day. Such a rise gives Kazakhstan the unenviable accolade of being the most out-of-compliance producer in the OPEC / NOPEC production cut deal - surpassing Iraq (some feat).

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Tagged OPEC, nopec, Kazakhstan oil production Leave a comment
19 January

ClipperClip: Running out of Steam

I had a good ole run at it on CNBC Asia last night with Bernie Lo, chatting about OPEC, US producer hedging, geopolitical tension, and how the crude rally looks like it is running out of steam here.

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Tagged OPEC crude exports, saudi arabia crude exports Leave a comment
17 January

Colombia crude exports drop amid unrest

Crude exports out of Colombia in recent years have averaged just over 600,000 barrels per day, with exports typically highest in January, before gradually descending through the year. To start this year, however, export volumes have dropped off considerably, as unrest rises up in the country once more. 

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Tagged vasconia, us crude exports, colombia crude exports, castilla Leave a comment
15 January

A Peek at ClipperView

We are again on the road this month, presenting our six-month proprietary outlook for global oil and products, driven by the trends we see in our ClipperData. We will be covering various commodities, from crude oil to fuel oil, from gasoline to LPG and beyond, as well as emerging trends we see across various geographies, including Europe, Asia and the Americas.

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Tagged US crude imports, Chinese gasoline exports, Asia fuel demand, Chinese gasoline imports Leave a comment
12 January

LNG to add to Russian energy flows to the US

The potential first delivery of Russian LNG to U.S. shores is ruffling some feathers, due to sanctions in place on Novatek, one of the partners in the Yamal LNG terminal - the apparent origin of the LNG heading to the Everett LNG terminal in Boston.  While sanctions may still be in place with certain Russian entities, the U.S. is a regular recipient of Russian oil and products. 

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Tagged US crude imports, US gasoline imports, naphtha, Yamal LNG terminal, russia lng exports 1 Comment
10 January

Angola Unpegged 

In an effort to shore up dwindling reserves, Angola has decided to unpeg its currency, the kwanza, from the U.S. dollar - a peg which has been in place since April 2016

Angola's foreign exchange reserves have halved since 2014, as the West African nation has attempted to defend the kwanza versus the U.S. dollar. Unpegging the currency has caused a swift 10 percent weakening in the currency,...

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Tagged Angola oil exports, kwanza Leave a comment
09 January

New twists in OPEC flows

Last week, we discussed changing trends in Iraqi crude flows into AsiaTotal deliveries of OPEC crude to China rose last year by 300,000 bpd, as cartel members looked to keep one of its key growth markets well supplied.

Even though Iraqi deliveries into China reached the highest on our records in November at a million barrels per day, arrivals in 2017 were actually down versus the prior year,...

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Tagged China oil imports, OPEC exports, Saudi crude exports, OPEC exports to the US Leave a comment
05 January

A Tale of Two Cities

It is both the best and worst of times for the current Iraqi oil market. Iraqi oil minister Jabbar al-Luaibi said this week that Iraqi oil fields in the south of the country had recorded an 'unprecedented' surge in daily exports from Basrah during the last month. All the while, loadings in Ceyhan, Turkey, of crude from the Kirkuk pipeline in the north of the country continue to remain in check...

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Tagged Basrah heavy, basrah light, Iraq crude exports, kirkuk crude 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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