ClipperBlog

08 August

Saudi Swinging

Rumors and murmurs suggest that Saudi is not only cutting exports again in September, but is choosing to swing these flows away from the east, and towards the west once more. Nonetheless, crude prices are still ticking lower on this eighth day of the eighth month. Hark, here are some OPEC observations to consider:

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Tagged OPEC exports, Venezuela oil exports, Angola oil exports, Libya oil exports, OPEC exports to the US 4 Comments
27 March

OPEC pledge to lower crude exports

Oil prices are subdued to start the week, as the weekend's compliance meeting has done little to allay oversupply fears. As WTI continues to trek on in forty-dollardom, hark, here are five things to consider in oil markets today:

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Tagged Saudi Arabia oil exports, Angola oil exports, Iraq oil exports 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
17 February

Pops and drops keep crude in tight range

Oil is ticking lower today, under the weight of record crude and gasoline inventories, but with OPEC production cuts providing a supportive backdrop (...and peeking around the curtain). As Friday afternoon approaches, and the prospect of conflicting data from a rising rig count and bullishly-positioned CFTC data, hark, here are five things to consider in oil and energy today. 

 

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Tagged Oman oil exports, Angola oil exports, UAE oil exports, Solar energy, murban exports Leave a comment
08 February

Sell the rumor, buy the (bearish) fact

Today's price action has been a case of sell the rumor, buy the (bearish) fact, as the affirmation of a gargantuan crude build from today's weekly EIA report has stoked some buying interest. All we can suggest is that last night's API print took the sting out of today's number, while a surprise draw to gasoline seems to be pulling crude higher by its bootstraps. Hark, here are five things to...

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Tagged Angola oil exports, Permian Basin, German electricity Leave a comment
25 January

Oil decidedly undecided

Today's EIA report has left oil prices flat-footed, as crude inventories were in line with consensus, while a(nother) gargantuan build to gasoline stocks has not been enough to drag the complex lower (...has only served to keep it in check). Hark! Here are five things to consider in oil and energy markets today:

 

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Tagged Angola oil exports, India electricity Leave a comment
15 December

Soaring dollar drags oil lower

Yesterday's decision by the Federal Reserve to raise interest rates has inadvertently put concrete boots on the crude complex, sending it lower amid a soaring U.S. dollar. Hark, here are five things to consider in oil markets today.

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Tagged Angola oil exports, Libya oil exports, US shale production Leave a comment
12 October

OPEC oil production rising

Oil is retracing for a second day, as OPEC's monthly oil report showed the cartel's production rising last month. As markets mentally limber up for the double whammy of weekly inventories and the EIA's monthly short term energy outlook tomorrow, hark, here are five things to consider in oil markets today:

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Tagged OPEC, gasoline inventories, Kashagan, Angola oil exports, India oil demand Leave a comment
17 May

Oil looks ahead to potential inventory draw

One hundred and forty-one years to the day after the first Kentucky Derby was run, and crude oil's gallop higher has now slowed to a trot. As focus shifts towards the weekly inventory reports (a crude build? we say neigh...), here are six things to consider in the oil market today:

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Tagged ClipperBlog, Nigerian crude oil exports, Permian Basin crude oil production, US crude oil production, Angola oil exports, Eagle ford oil production 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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