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ClipperBlog

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 kirkuk crude, Basrah heavy, basrah light, Iraq crude exports Leave a comment
03 January

ClipperClip: Iran Concerns

This morning's appearance on CNBC Squawk Box was amusing, as we were supposed to do a segment on US natural gas amid the impending 'bomb cyclone', but anchor Joe Kernen didn't want to. Instead we discussed one of ClipperData's big concerns for this year - the impact of geopolitical tension on the oil market, now that we are closer to balance. Hark, click on the below mugshot to launch to the...

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Tagged geopolitics, Iran oil production 1 Comment
21 December

ClipperClip: 100 million barrels

I got to chat with my buddy, the mighty Dan Murphy, on CNBC Asia last night, and we covered a fair bit of ground: US crude inventories and the role of exports in reducing them, the Forties pipeline outage and who will plug the gap, and how Saudi must be feeling about the oil market (spoiler alert: absolutely delighted). Hark, click on the below mugshot to launch to the clip:

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Tagged US oil exports, us product exports, Saudi oil exports, Forties pipeline outage 1 Comment
20 December

LNG imports reflect rising Chinese demand 

Official data out this week show that Chinese natural gas consumption has surged through the first eleven months of 2017, up 19 percent year-on-year.

China is the third largest consumer of natural gas in the world, behind the U.S. and Russia, and is expected to show the strongest demand growth over the coming decades - propelling it into second place by 2040.   

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Tagged LNG exports, Qatar LNG exports, Australia LNG exports 1 Comment
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 china crude imports, us crude exports, US LNG 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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Tagged Mexico gasoline imports, mexico, Mexico oil exports Leave a comment
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 Saudi Arabia oil exports, Iraq oil exports, OPEC, 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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Tagged Venezuela oil exports, pdvsa, US oil imports Leave a comment
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

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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