ClipperBlog

26 September

Changing Iraqi crude flows

Brent crude prices were propelled to a two-year high yesterday, triggered by concerns about a Kurdish referendum vote to seek independence from Iraq. Although the vote is non-binding, a yes vote would pave the way for negotiations to secede from Iraq.

Neighboring countries such as Iran and Turkey are against the referendum, fearing that it will stoke separatist sentiment among the Kurdish...

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Tagged Basrah heavy, basrah light, Iraq crude exports, US imports of Iraqi crude Leave a comment
14 March

Twists and turns

The double whammy of yesterday's EIA drilling productivity report - showing rampantly rising shale production next month - combined with a bearish OPEC monthly oil market report, has sent oil prices scampering lower, testing key support levels on both Brent and WTI. With more twists and turns in the coming days than the Monaco Grand Prix, hark, here are five things to consider in oil markets...

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Tagged China oil demand, Basrah heavy, basrah light, Saudi Arabia oil production, us oil producing states Leave a comment
13 February

As good as it gets

Oil is charging lower to start the new week, as the monthly OPEC oil market report has done little to assuage oversupply concerns - despite the cartel's proclamations of production cut compliance and upward revisions to oil demand growth. Hark, here are five things to consider in oil markets today:  

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Tagged OPEC oil exports, Basrah heavy, basrah light, Urals, fertilizer Leave a comment
08 December

NOPEC hopes rally crude

The mood of crude has flipped again, with optimism rising ahead of the NOPEC meeting at the weekend. Even though doubts persist, for today, oil prices push higher. Hark, here are six things to consider in oil markets today.  

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Tagged Iraq oil exports, Basrah heavy, basrah light, tanker rates, Kirkuk oil Leave a comment
10 October

Oil producer jawboning at work again

Good day! With Nonfarm Friday now behind us, we can look forward to a week of oil-specific monthly releases from IEA (tomorrow), OPEC (Wednesday) and EIA (Thursday).

As the spotlight swings onto another meeting of global producers - this time in Istanbul this week - rhetoric out of Saudi and Russia is once again encouraging an oil rally. Hark, here are five things to consider in oil markets...

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Tagged floating storage, Iraq oil exports, Basrah heavy, fracking, US oil inventories, basrah light 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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