ClipperBlog

13 July

ClipperClip: Mo exports, mo problems

In last night's appearance on CNBC Asia, we discussed how exports need to drop for this market to really start to tighten (you may have heard us mention this before...). Hark, click on the below mugshot to launch to the clip:

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Tagged Nigeria oil exports, Libya oil exports, OPEC oil production Leave a comment
12 June

Leaving the light on

As domestic production continues to roar back, the U.S. is importing light crude at an increasingly stronger pace. After light crude imports dipped to around 1 million barrels per day in early 2015 - as U.S. production peaked at 9.6mn bpd - imports have rebounded steadily since, while production waned through the latter half of 2015 and the first half of 2016.

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Tagged Nigeria oil exports, US crude imports, North African oil exports, west african oil exports 2 Comments
08 June

ClipperClip: Narrowing spreads

In this morning's appearance on CNBC Squawk Box, we discussed the potential for the Brent-WTI spread to move closer to parity given increasing production and exports from Nigeria and Libya, and how this could close the door on US exports. Hark, click on the below mugshot to launch to the clip:

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Tagged Nigeria oil exports, OPEC, Libya oil exports, US oil exports 5 Comments
02 June

Oil roiled

As oil ventures into forty dollardom once more, today's blog takes a peek at a number of supply side influences, from Basrah buoyed to Brazil nuttiness, all via a 'call on shale'. Hark, here are a number of things to consider in oil markets today:   

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Tagged Nigeria oil exports, Brazil crude oil exports, Iraq oil exports, US oil exports Leave a comment
08 March

Record US inventories weigh on oil

As U.S. crude inventories jump to a further record high, prices are chugging lower once again. A backdrop of strong economic data is also helping to sweep crude lower, via the broom of a stronger dollar. As focus shifts back onto weaker U.S. fundamentals, hark, here are five things to consider in oil markets today.  

 

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Tagged Nigeria oil exports, EIA inventory report, US oil imports, North Sea oil exports Leave a comment
03 March

OPEC and donuts

Crude prices are getting up off the canvas after being knocked down yesterday, helped up by a falling dollar ahead of lots of Fedspeak. Nonetheless, prices are holding in their tight range, as OPEC compliance seems to have more holes than a donut factory, while dollar strength should return soon as a U.S. March rate hike looks increasingly baked into the donut cake. Hark, here are five things...

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Tagged Nigeria oil exports, OPEC, OPEC oil exports, Angola oil exports 1 Comment
14 February

U.S. Producers feel the love on Valentine's Day

In honor of Valentine's Day, oil prices are following the arc of Cupid's arrow, and heading higher.  Although another likely bearish weekly inventory report lies in store tomorrow, production cut expectations carry more influence - at least today - to encourage a rally. Hark, here are five things to consider in oil markets today. 

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Tagged Nigeria oil exports, OPEC, Libya oil exports, India oil demand, Permian Basin 1 Comment
05 January

Hell for leather

The phrase 'hell for leather' first appeared in the Rudyard Kipling story, 'The Valley of the Shadow', relating to riding on horseback, and defined as 'breakneck speed, or with reckless determination'. This is a more than adequate way to describe the crude exports of Saudi Arabia, UAE and Kuwait in the past month.

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Tagged Nigeria oil exports, OPEC oil exports, OPEC production cuts Leave a comment
21 November

OPEC exports keep breaking records

As OPEC optimism continues to grow, and as the dollar eases lower, crude is moving higher today in this holiday-shortened week (woot woot!). Hark, here are five things to consider in oil markets today:

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Tagged Nigeria oil exports, OPEC, Libya oil exports Leave a comment
18 November

Venezuela still scrambling for cash

As the U.S. dollar climbs higher and higher (and higher), the crude complex is getting blown over by the gale-force headwinds it is providing. We edge closer and closer to the main event of the month (--->>> the OPEC meeting), but for now, hark, here are five things to consider in oil markets today:

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Tagged Nigeria oil exports, Venezuela oil exports, Forcados, natural gas storage, Norway oil production 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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