Yesterday evening I appeared on CNBC Asia to discuss the swift and sharp sell-off in oil prices with the mighty Dan Murphy. We also discussed ClipperData's latest white paper about unusual flows, in which we highlight Singapore floating storage as key gauge of market oversupply. Dan subsequently wrote this piece on the topic.Continue Reading
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...Continue Reading