Last week, we discussed changing trends in Iraqi crude flows into Asia. Total 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,...
Continue ReadingAs we shuffle into two weeks of lower trading volume over the holiday period, and as we await next month's production cuts to start showing up in our export data (woot woot!), oil is looking decidedly undecided today. Hark, here are five things to consider in oil markets today.
Continue ReadingOil is closing in on the highs for the year in response to a surprise draw to crude inventories (all paths lead back to energy, all inventory surprises lead back to imports), while OPEC rhetoric once again loiters in the background, acting as an omnipresent influence these days. Hark, here are five things to consider in oil markets today.
Continue ReadingCrude is flip-flopping ahead of an exceedingly likely inventory draw to crude stocks from tomorrow's Labor Day-delayed inventory report. With a choppy U.S. dollar, crude is getting whipsawed around; hark, here are five things to consider in energy markets today:
Continue ReadingOh good. It's only the second day of selling after the recent rampant rally, and yet we are already hearing renewed rhetoric from key producers. Iran is the subject of the latest rumors, said to have agreed to attend next month's producer meeting in Algeria. Nonetheless, prices are ignoring this influence for now, and are easing lower ahead of a potentially bearish inventory report tomorrow....
Continue ReadingA new week, a new month, a new sell-off. Crude prices are charging lower to start the week as a plethora of bearish indicators emerge to encourage crude lower. Hark, here are five things to consider in the oil market today.
Continue ReadingAfter the bloodletting across energy commodities, equities and various currencies in recent days, today is the day we have a relief rally, with markets are seeing an inevitable rebound. Hark, here are five things to consider in oil markets today.
Continue ReadingMatt 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.
