ClipperBlog

30 September

Ministers writing checks that OPEC can't cash

Surely the latest actions by OPEC in Algiers threatens the very core of the cartel, given its members have agreed to something that is going to be extremely difficult to follow through on. To coin a phrase (well, kind of) from Top Gun, the cartel's oil ministers are writing checks that OPEC can't cash.

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Tagged Saudi oil exports, Saudi Arabia, Libya, Iraq, Iraq oil exports 2 Comments
29 August

Strong dollar thwarts oil rally

Oil prices are retracing to start the week, as producer rhetoric rumbles on, and the U.S. dollar strengthens. Hark, here are five things to consider in oil markets today.

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Tagged OPEC, Saudi, Iran, Iraq Leave a comment
22 August

Oil prices finally retrace

The recent oil rally is finally hitting the brakes, with prices retracing today on supply developments relating to Iraq and Nigeria, while vehement short-covering has brought financial positioning back from the ledge of bearish extremities. Hark, here are five things to consider in oil markets today:

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Tagged Nigeria oil exports, OPEC, Iraq, Malaysia Leave a comment
15 August

OPEC oil exports continue to rise

Oil is carrying on where it left off last week, rallying higher on the low likelihood event of a production freeze by key global producers. As rumors and murmurs lifted prices last week by the most since April, there appears little incentive for producers to back away from jawboning. Hark, here are five things to consider in oil markets today:

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Tagged OPEC exports, Saudi, Iran, Iraq Leave a comment
13 May

Oil running scared on this Friday the 13th

And it's an exciting end to an eventful week in the oil market on this Friday the 13th. In fitting fashion, crude was screaming lower earlier, chased off by a stronger dollar (apparently in a hockey mask), before positive economic data has helped improve the mood a bit in the US. OPEC's monthly report has had something for both the bulls and the bears; hark, here are six things to consider in...

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Tagged ClipperBlog, Canadian oil imports, OPEC, West African cargoes, Iran, Iraq 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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