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ClipperBlog

01 August

US oil exports rise to India, drop to China

The VLCC Tianjin left the Corpus Christi lightering zone in the Gulf of Mexico on June 19 with nearly 2.1 million barrels of US WTI / Midland WTI crude on board. It has just discharged its cargo at Reliance's Jamnagar refinery in India, sneaking in before the end of the July to mark a record month of deliveries of US barrels to India. 

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Tagged us crude exports, India crude imports, china crude imports 1 Comment
12 February

Go East! 

We recently discussed Iraqi flows to the U.S., and how they continue to exhibit strength. Iraqi flows to the U.S. last year averaged just under 600,000 bpd, up a third from 2016's volume. While January deliveries were robust, clambering above 700,000 bpd, they were even more impressive to Asia, rising to a record. 

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Tagged Iraq oil exports, china crude imports, India crude imports, basrah light, Basrah heavy Leave a comment
11 October

Gravity finally wins

As the monthly IEA report shows rising OPEC production, the market is brought swiftly back to the reality that intentions and actions are two different things. After umpteen days of rallying, crude prices are finally letting some air out of the tires. Hark, here are seven things to consider in oil markets today: 

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Tagged IEA OMR report, OPEC, India crude imports, China gasoline demand 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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