ClipperBlog

02 February

It's Groundhog Day (again for oil)

Yes, it's Groundhog Day (again), and that dastardly Punxsutawney Phil has seen his shadow, predicting six more weeks of winter. Fortunately, he's no good at forecasting (unlike the woolly worm), hence little attention should be paid.

The crude complex is also seemingly stuck in Groundhog Day, weighing up OPEC production cuts versus the renaissance of U.S. shale production. After yesterday's...

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Tagged Mexico gasoline imports, Mexico oil exports, gasoline inventories, oil inventories Leave a comment
16 November

OPEC hope trumps EIA builds

Oil is rallying for a second consecutive day, despite a bearish-tilted EIA report. As more weight is placed on behind-the-scenes OPEC meetings, financial positioning is shifting bullish once more. Hark, here are six things to consider in oil markets today. 

 

 

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Tagged gasoline inventories, EIA inventory report, IEA, wolfcamp, US gasoline exports Leave a comment
27 October

OPEC weekly exports reach a record

Wax on, wax off; oil prices are rallying after selling off for the last three days, egged on by yesterday's supportive inventory report and and the ebb and flow of OPEC hope. Hark, here are five things to consider in oil markets today: 

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Tagged OPEC, OPEC exports, gasoline inventories, big oil 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
22 September

Weak dollar, strong draws boost oil

After being surprised by the voracity of the weekly oil inventory draw yesterday, oil prices have been rallying ever since. Today a move higher is being further encouraged by a weakening dollar in the aftermath of the Fed meeting (and amid some soft economic data). Hark, here are seven things to consider in oil markets today.  

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Tagged gasoline inventories, Saudi Arabia oil inventories, Libya oil exports Leave a comment
30 August

Gasoline glut persists

 As the dollar rallies again, as Gulf of Mexico storm fears dissipate, and as a build is expected from tomorrow's EIA report, crude is heading lower once more. Hark, here are five things to consider in oil markets today:

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Tagged gasoline inventories, gasoline imports, gulf of mexico production, oil hedging 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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