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ClipperBlog

20 February

ClipperClip: Heavy Heavy



Matt Smith

This morning's appearance on CNBC Squawk Box discussed the abundance of light crude amid a lack of heavy barrels ahead of IMO 2020. We also discussed signs of weaker oil demand from China and Germany, while Russia product exports ramp up. 

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Tagged OPEC, China product exports, US shale, US heavy crude imports, Venezuela sanctions, Iran sanctions, IMO 2020, light sweet crude 4 Comments
15 January

Largest oilfield reflects instability in Libya



Noam Raydan

El Sharara, Libya’s largest oilfield, has been under force majeure since December 2018. The uncertainty surrounding oil flows from the field is a reflection of the instability and chaos that engulfs the entire country.

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Tagged OPEC, Libya, libya oil production, Libya crude exports 2 Comments
03 January

ClipperClip: Looking ahead and Reversing



Matt Smith

I had a great time on BNN Bloomberg today with Andrew Bell, he's a funny dude. We started off chatting about the key themes of this year, including the OPEC production cut and weakness in the Chinese economy, before shifting gears to electric vehicles, and the noise they make when they reverse.

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Tagged OPEC, electric vehicles, US shale Leave a comment
14 December

Trading Places



Matt Smith

Trading Places is the most popular trading (and presumably, Christmas) movie among energy traders (as proven by Anthony Crudele via his podcast interviews). So while we get into the holiday spirit, it seemed appropriate to highlight how energy flows have their own version of the movie plot playing out. 

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Tagged OPEC, OPEC oil exports, Libya oil exports, US LPG exports, US oil exports Leave a comment
12 December

ClipperClip: Running the Gamut



Matt Smith

We ran the gamut on the set of CNBC Squawk Box this morning, with Becky Quick again asking a bunch of really good questions as we covered everything from US inventories to OPEC, from US hedging to what could lie in store in 2019. 

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Tagged OPEC, nopec, us oil production, Iran sanctions, saudi arabia production Leave a comment
07 December

Bringing Home the Bagels



Matt Smith

In keeping with PETA's recent announcement to remove speciesism, OPEC has ironed out the details of a production cut (the sequel), with higher prices meaning they will ultimately be 'bringing home the bagels'.

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Tagged OPEC, Saudi oil exports, Iraq oil exports 1 Comment
07 December

ClipperClip: Highwire Act



Matt Smith

I was out on CNBC Asia last night discussing the current OPEC meeting, and how Saudi Arabia is having to do a highwire act - trying to balance a production cut deal while not riling President Trump. Regardless of the outcome, someone isnt going to be pleased. 

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Tagged OPEC, Saudi crude oil exports, opec meeting Leave a comment
26 November

ClipperClip: Follow the flows



Matt Smith

How ace is Becky Quick?! We had a great back-and-forth this morning on CNBC Squawk Box re rising oil in transit, and why it is currently a bearish, not bullish signal. We also discussed the current quandary facing Saudi Arabia, as well as the challenges facing US producers.

 

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Tagged OPEC, Saudi Arabia oil production, global floating storage, saudi arabia crude exports, opec meeting, oil in transit Leave a comment
25 September

ClipperClips: Oil's OPEC Overreaction



Matt Smith

As Brent crude pushed to multi-year highs yesterday, it was the topic of conversation on my every-other-Monday-morning segment on NPR's Texas Standard, as well as on CNBC Asia last night.

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Tagged OPEC, Iran oil exports, spare capacity, saudi arabia crude exports 1 Comment
20 February

ClipperClip: Hotspots and Supergroups



Matt Smith

Every other week I kick off Mondays with a segment on NPR's Texas Standard. This morning we discussed OPEC's forming of a 'supergroup', and who would be on guitar (part of that statement is true).

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Tagged OPEC, nopec Leave a comment
05 February

OPEC crude exports to US remain choppy



Matt Smith

Back at the start of December, we discussed how Venezuelan crude deliveries to the U.S. were sliding, and particularly to Citgo refineries.  December ended up being the lowest level of Venezuelan grades to the U.S. on our records, as total Venezuelan crude exports dropped under 1.1 million barrels per day.

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Tagged OPEC, Saudi Arabia oil exports, US oil imports Leave a comment
19 January

An unenviable accolade



Matt Smith

Yesterday's monthly oil market report from OPEC showed that oil production from Kazakhstan likely increased by 180,000 bpd in 2017 to 1.74 million barrels per day. Such a rise gives Kazakhstan the unenviable accolade of being the most out-of-compliance producer in the OPEC / NOPEC production cut deal - surpassing Iraq (some feat).

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Tagged OPEC, nopec, Kazakhstan oil production Leave a comment
06 December

No holiday cheer for US from OPEC



Matt Smith

After the dust has settled on last week's OPEC meeting, the cartel's impact on U.S. oil inventories is set to linger on. Stocks are at their lowest level since January 2016, and are down over 80 million barrels from their peak in March - in spite of a 30 million barrel injection from the SPR.

As we head into the holiday season, the U.S. should expect little in the way of holiday cheer from...

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Tagged OPEC, Saudi Arabia oil exports, Iraq oil exports, OPEC exports to the US Leave a comment
01 December

ClipperClip: Much Ado About Nothing



Matt Smith

Last night's appearance on CNBC Asia addressed the developments - or lack thereof - from yesterday's OPEC meeting, and what could happen next year. Hark, click on the below mugshot to launch to the clip:

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Tagged OPEC, Saudi Arabia, Russia Leave a comment
30 November

OPEC #winning?



Matt Smith

The mood in Vienna this week is considerably more chipper than it was in June. This is because the cartel appears - in the words of Charlie Sheen - to be #winning.   

But it hasn't all been plain sailing. In fact, it's been decidedly choppy. From an export perspective, certain cartel members have made a concerted effort to keep crude off the market,  while others have blatantly not. Saudi...

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Tagged OPEC, OPEC exports Leave a comment
24 October

ClipperClip: To Aramco...and beyond!



Matt Smith

This morning's appearance on the set of CNBC Squawk Box started off discussing Saudi Aramco's IPO next year, and ended up covering global demand growth, and the unusual places it is coming through from. Hark, click on the below mugshot to launch to the clip: 

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Tagged OPEC, Saudi Arabia oil exports, Saudi Aramco IPO 1 Comment
12 October

ClipperClip: US oil exports rip



Matt Smith

Yesterday evening's appearance on CNBC Asia covered two key topics: OPEC and the US. While the monthly OPEC report had something for both bulls and bears, the US is in an intriguing situation where crude imports are lower while exports are higher. Hark, click on the below mugshot to launch to part of the interview:

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Tagged OPEC Leave a comment
14 September

ClipperClip: KSA IPO



Matt Smith

Last evening's appearance on CNBC Asia covered everything from the weekly U.S. inventory report, to Jim Chanos' bearish view on US shale producers. The segment below, however, addressed the announcement that Saudi Arabia's IPO may be pushed back until 2019. Hark, click on the below mugshot to launch to the clip:

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Tagged OPEC, Saudi Arabia, Saudi Aramco, oil prices 1 Comment
02 August

ClipperClip: Mopping Up



Matt Smith

This morning's appearance on the set of CNBC's Squawk Box was a whirlwind tour of what is on our mind here at the good ship Clipper: falling Saudi exports to the US, rising Libyan exports, strong product demand, and crude being mopped up in Asia. Hark, click on the below mug shot to launch to the clip:

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Tagged OPEC, Saudi crude exports, Libya crude exports Leave a comment
08 June

ClipperClip: Narrowing spreads



Matt Smith

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
05 May

Saudi exports show April pullback



Matt Smith

Crude is rebounding into the weekend after yesterday's solid dose of the WBWs (whoop-bang-wallops, lest we forget). Although prices are now mired below their 200-day moving averages, after dropping ~15 percent from mid-last month, some bargain-hunting has entered into the fray at the end of the week. Hark, here are five things to consider in oil markets today:

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Tagged OPEC, Saudi crude exports, Singapore floating storage, chinese independent refiners Leave a comment
05 May

ClipperClip: OPEC disparities



Matt Smith

Last night's appearance on CNBC Asia addressed yesterday's rout in the oil market, as well as the disparity between apparent OPEC production levels and its exports. It's always fun to chat with my friend, the mighty Dan Murphy.  Hark, click on the below mugshot to launch to the clip:

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Tagged OPEC, crude oil exports 1 Comment
30 March

ClipperClip: Lumpy



Matt Smith

Naming and shaming was the theme of last night's appearance on CNBC Asia, as we discussed which members of OPEC seem to be in compliance...and which do not. In conclusion: OPEC compliance is lumpy. Hark, click on the below mugshot to launch to the clip. (Quotes from other parts of the interview are also in this CNBC article).

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Tagged OPEC Leave a comment
16 March

Oil wobbles amid OPEC scrutiny



Matt Smith

Oil has got the wobbles after yesterday's rally, giving up gains as the dollar bounces from its lows. As OPEC compliance comes under scrutiny once more, hark, here are five things to consider in oil markets today. 

 

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Tagged OPEC, OPEC exports, US oil imports, Kashagan 2 Comments
03 March

OPEC and donuts



Matt Smith

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



Matt Smith

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
03 February

Asia looking further afield



Matt Smith

Happy Nonfarm Friday! Better-than-expected job creation last month is supporting sentiment on this first Friday of February, and crude is being swept along with this, being boosted as well by the announcement of sanctions on Iran. Hark, here are five things to consider in oil markets today:  

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Tagged OPEC, Venezuela diluent Leave a comment
23 January

Second-guessing OPEC's next moves



Matt Smith

Crude is starting the week by charging lower, as supportive rhetoric from OPEC over the weekend has done little to allay fears of ongoing strong supply this year - especially if OPEC does indeed end production cuts mid-year, and should U.S. production continue to show signs of life. Hark, here are five things to consider in oil markets today.

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Tagged OPEC, Saudi Arabia, oil rig count, Arab Gulf crude exports, Equatorial Guinea 2 Comments
06 January

OPEC cuts to the core?



Matt Smith

Happy Nonfarm Friday! It is the first Friday of the year, hence we get our first monthly dose of official US employment data. Job creation last month was below expectations, but was offset by upward revisions to prior months, while wage growth also improved to the fastest pace in seven years, adding a positive hue to the report.

Dollar strength off this report is helping to keep crude in...

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Tagged OPEC, OPEC oil exports, Iran oil exports, China renewables Leave a comment
04 January

ClipperClip: Pedal to the metal



Matt Smith

My first outing on CNBC Squawk Box this year was fun as always; it was a quick tour of key issues in the crude complex, including some immediate OPEC trends we are seeing in our ClipperData at the turn of the year. Hark, click on the below mugshot to launch to the clip:

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Tagged China oil demand, OPEC, Saudi oil exports 1 Comment
27 December

ClipperClip: Goldilocks & the 3 bears



Matt Smith

I used the analogy of Goldilocks and the three bears this morning on CNBC Squawk Box to highlight the most positive and negative influences for prices in the next year. Hark, click on the mugshot below to launch to the clip:

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Tagged OPEC Leave a comment
19 December

Market share battles persist



Matt Smith

As we shuffle into two weeks of lower trading volume over the holiday period, and as we await next month's production cuts to start showing up in our export data (woot woot!), oil is looking decidedly undecided today. Hark, here are five things to consider in oil markets today.

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Tagged China oil imports, OPEC, Saudi oil exports Leave a comment
13 December

IEA report encourages oil rally



Matt Smith

Prices are drifting higher again today, encouraged on by a supportive report from the IEA. A monthly OPEC report awaits tomorrow, as does the weekly inventory report, but for now - hark, here are five things to consider in energy markets today:

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Tagged OPEC, IEA OMR report, UAE oil exports Leave a comment
13 December

ClipperClip: Shock and Awe



Matt Smith

This morning's appearance on the set of CNBC's Squawk Box covered a whole host of topics, including why demand is not likely to be as strong as people think (think: lesser Chinese bargain-hunting), as well as my taste in vests. Hark, click on the below mugshot to launch to part of the segment:

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Tagged OPEC Leave a comment
01 December

OPEC party continues on



Matt Smith

An OPEC-inspired rally continues for a second day, as the prospect of a production cut means a likely swifter market rebalancing...if it were implemented. (And that is a big IF). Nonetheless, the constructive development is spurring on positive sentiment and buying interest. A non-OPEC meeting in Doha now looms next week, but for now, hark, here are five things to consider in oil markets today.

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Tagged OPEC, Saudi oil exports, refinery runs, Permian Basin, US shale Leave a comment
01 December

ClipperClip: Good Times



Matt Smith

Yesterday was too much fun; it was like all our Christmases came at once. OPEC's decision to cut production means we'll be able to monitor the cartel via our real-time ClipperData to see whether they are adhering to their commitment or not. I appeared on NPR yesterday morning to react to the OPEC decision, you can listen to the interview here.  

I also appeared on CNBC Asia last night; hark,...

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Tagged OPEC, oil exports, CNBC Leave a comment
28 November

Deal or no deal?



Matt Smith

We have a week which starts with cartel controversy, and concludes with Nonfarm Friday. Somewhere inbetwixt, we get the small matter of an OPEC meeting in Vienna. With that in mind, hark, here are five things to consider in oil markets today.

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Tagged OPEC, Saudi Arabia oil exports, Iraq oil exports Leave a comment
23 November

Iran oil exports into EU increase



Matt Smith

Happy Thanksgiving Eve! A fairly neutral EIA report - tilted a wee bit bullish for crude, bearish for the products - has been a welcome distraction, before a surgical focus has returned to every rumor and murmur out of OPEC delegates. So to distract from all of this, hark, here are six things to consider in oil markets today:

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Tagged OPEC, EIA inventory report, Iran oil exports Leave a comment
22 November

OPEC Groundhog Day



Matt Smith

And it is Groundhog Day again, as the OPEC rumor-mill gets cranked up once more. Fortunately we get the welcome distraction of an inventory report tomorrow, while some respite follows that in the form of Thanksgiving. But for now, hark, here are five things to consider in oil markets today: 

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Tagged OPEC, OPEC exports, LPG exports, gasoline demand Leave a comment
21 November

OPEC exports keep breaking records



Matt Smith

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
15 November

Mo' Gopec than Nopec



Matt Smith

After a strong sell-off in recent days, option expiry combines with OPEC cut expectations to emphatically rally prices on this third Tuesday in November. Hark, here are five things to consider in oil markets today:

 

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Tagged Nigeria oil exports, OPEC, drilling activity, libya oil production Leave a comment
14 November

Dollar strength crushes crude



Matt Smith

As the U.S. dollar pushes on to the highest level in a year, crude is correspondingly getting crushed today. While some may suspect the oil sell-off is due to a lack of confidence in an OPEC production cut at the end of the month, the reality is that the gale-force headwinds provided by a super-strong dollar are too much to take. Hark, here are five things to consider in oil markets today:

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Tagged OPEC, Asia oil imports Leave a comment
11 November

Iran oil production increasing...or is it?



Matt Smith

Happy Friday! What a tumultuous week it has been (the first day seemed like a week, and the second day seemed like five days). The trifecta of monthly reports from EIA, IEA and OPEC this week have colluded to send crude prices bumbling, stumbling and tumbling lower. Hark, here are five things to consider in oil markets today:   

 

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Tagged OPEC, floating storage, Iran oil production, natural gas storage Leave a comment
09 November

Brexit, Trump and an OPEC cut



Matt Smith

Things come in threes, so after the unexpected Brexit result earlier in the year, and Donald Trump's surprise election victory overnight, it would appear we are destined for an unlikely OPEC production cut at the end of the month. Hark, here are six things to consider in oil markets today:

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Tagged OPEC, natural gas, US LNG exports, OPEC exports to the US Leave a comment
07 November

OPEC accelerates (before hitting the brakes?)



Matt Smith

Prices are trying to clamber higher today amid promises from OPEC that a production cut is on the cards, while battling against the gale-force headwinds of a stronger dollar. As oil infrastructure at Cushing, Oklahoma (the pipeline crossroads of the world!) appears to be virtually unscathed after a magnitude 5 earthquake last night, hark, here are five things to consider in oil markets today:

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Tagged OPEC, OPEC production, EIA, global oil loadings 5 Comments
27 October

OPEC weekly exports reach a record



Matt Smith

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
26 October

ClipperClip: Exemptions all round



Matt Smith

I was out on CNBC Asia last night, addressing the large build from the API report (think: rebounding imports), as well as how it is going to be tough to implement an OPEC production cut when a third of members are exempt. Hark, click on the below mugshot to launch to the clip. 

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Tagged OPEC, EIA inventory report Leave a comment
12 October

OPEC oil production rising



Matt Smith

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
11 October

Gravity finally wins



Matt Smith

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 OPEC, IEA OMR report, India crude imports, China gasoline demand Leave a comment
11 October

ClipperClip: Under Pressure



Matt Smith

Last night I was channeling David Bowie, discussing how Saudi Arabia is under pressure to do the heavy lifting if there is to be any production cut. The interview was also spun out into this CNBC article. Hark, click on the below mugshot to launch to part of the discussion:

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Tagged OPEC, Saudi Arabia Leave a comment
03 October

Oil production data weighs



Matt Smith

It's a new quarter, a new dawn, a new day...and OPEC is feeling good. Brent crude prices have touched the $50 mark today before heading lower again, on signs that OPEC production continues to rise....ahead of their looming production cut. Hark, here are five things to consider in oil markets today.

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Tagged OPEC, Mexico oil exports, Russia oil production Leave a comment
28 September

Oil choppy due to OPEC, inventories



Matt Smith

Crude is sailing in rough seas today, as the combo of an informal OPEC meeting and a surprising weekly inventory report has pushed and prodded prices around thus far. Hark, here are five things to consider in oil markets today:  

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Tagged OPEC, Saudi oil exports, Saudi Arabia, EIA inventory report, Saudi oil production Leave a comment
26 September

OPEC front and center



Matt Smith

As OPEC members finally (finally!) gather in Algiers, market movement is set to be dictated by every word, facial expression and gesticulation - the like of which has not been seen since Janet Yellen in the last Federal Reserve meeting. Despite speculative short positions increasing in the latest data, a glimmer of hope for progress in Algiers is buoying prices. Hark, here are six things to...

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Tagged OPEC, Qua Iboe, Bonny Light, spare capacity, short positions Leave a comment
26 September

ClipperClip: Can-Kicking



Matt Smith

Last night's appearance on CNBC Asia not surprisingly focused on the impending OPEC meeting and the likelihood (um, or not) of a production freeze agreement. Hark, click on the mugshot below to launch to part of the discussion:

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Tagged OPEC Leave a comment
23 September

Going through the motions



Matt Smith

Crude prices are selling off, aided by Saudi comments that a decision will not be forthcoming from next week's OPEC meeting in Algiers. Add to this news that the Federal Reserve is looking to restrict bank involvement in physical commodities...and dollar strength as the cherry on top...and oil is heading lower into the weekend. Hark, here are five things to consider in oil markets today:

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Tagged OPEC, Saudi oil exports, Iran oil exports, Iraq oil exports, Permian Basin Leave a comment
19 September

Producer meeting can't come soon enough



Matt Smith

Oil is charging higher to start the new week, on the ebb and flow of production freeze rhetoric and adverse developments relating to returning Libyan exports. Hark, here are five things to consider in oil markets today:

 

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Tagged OPEC, Oman oil exports, Russia, Oman, retail gasoline Leave a comment
15 September

Oil gives up the ghost again



Matt Smith

Crude has just given up the ghost of a rally, as poor economic data weighs on broader market sentiment again. As the dollar rallies, despite waning rate hike hopes, crude is under pressure once more. Hark, here are five things to consider in oil markets today.  

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Tagged OPEC, US net oil imports, gasoline prices, india gasoline demand Leave a comment
14 September

Is a distillate glut next?



Matt Smith

Happy middle O'week! After temporarily ripping higher in response to a surprise draw to crude inventories, oil prices are looking lower once more, as bearish builds from the products more than offset this. Hark, here are five things to consider in oil (and natgas) markets today. 

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Tagged OPEC, energy investment, natural gas production, Kashagan, distillate exports, IEA Leave a comment
08 September

Large oil draw surprises market



Matt Smith

 As a humongous draw to oil inventories has wrong-footed the market, crude prices have ripped higher in response. Hark, here are five things to consider in oil markets today:

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Tagged OPEC, Saudi oil exports, Iran oil exports, Iraq oil exports, inventory report Leave a comment
30 August

ClipperClip: Not warming to a freeze



Matt Smith

It was great to be on the CNBC Squawk Box set again, made all the more fun by getting to meet Davis Love III in the green room with the Ryder Cup. We covered (the anchors and myself, not Davis Love III ) next month's meeting of OPEC and key oil producers, as well as retail gasoline prices and U.S. domestic production. Hark, click on the below mugshot to launch to the clip:

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Tagged OPEC, Saudi Arabia, gasoline, Iran oil exports, Iraq oil exports 2 Comments
29 August

Strong dollar thwarts oil rally



Matt Smith

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
26 August

China energy challenges persist



Matt Smith

As financial markets are distracted once more by Federal Reserve Chair Janet Yellen, crude is not immune to this influence, making moves in response to the U.S. dollar's gyrations (crude up, dollar down). We'll choose to ignore this hullabaloo, and hark, consider six things specifically relating to oil markets today: 

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Tagged China oil demand, OPEC, Doba, Permian Basin Leave a comment
25 August

Stalling Iranian production and exports



Matt Smith

With broader markets distracted by an impending speech by Federal Reserve Chair Janet Yellen, crude is once again preoccupied by potential OPEC developments. As the dollar softens and crude edges higher, hark - here are five things to consider in oil markets today. 

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Tagged China oil production, OPEC, refinery runs, Iran Leave a comment
22 August

Oil prices finally retrace



Matt Smith

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
18 August

And Oil Just Kept on Runnin'



Matt Smith

Another day, another dollar (rally in oil prices). The tag-team of dollar weakness and production freeze hopes combine again to rally crude prices higher for yet another day. Hark, here are five things to consider in oil markets today:

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Tagged OPEC, Qatar Leave a comment
17 August

Oil inventories distract from jawboning



Matt Smith

Today's weekly EIA inventory report has provided a very (very) welcome distraction from the production freeze jawboning. A solid draw to crude stocks, helped in large part by another large draw to the West Coast (h/t low imports) has been a supportive element, as has a solid draw to gasoline. Refinery runs hit their highest level for the year to boot...hence oil has pared losses. Hark, here...

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Tagged LNG exports, OPEC, OPEC oil exports Leave a comment
16 August

Oil exuberance hits the pause button



Matt Smith

 After what feels like 23 days of rallying amid conflicting commentary from various key global producers about a potential production freeze, prices have hit the pause button today, shifting focus towards another round of impending inventory data. Hark, here are six things to consider in oil markets today: 

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Tagged LNG exports, OPEC, oil imports, Saudi Arabia, oil exports Leave a comment
09 August

ClipperClip: Dismissing OPEC freeze rumors



Matt Smith

I had a fun chat with Bernie Lo on CNBC Asia last night about a whole host of things. Part of the interview is featured below, where we discussed the likelihood - or the lack thereof - of an OPEC production freeze. Hark, click on the below mugshot to launch to the clip:

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Tagged ClipperBlog, OPEC, Saudi oil exports, refinery maintenance season, Iraq oil exports Leave a comment
23 June

Oil swept up in risk-on euphoria



Matt Smith

As the pound pushes on, equities rally, and bonds sell off, oil is being propelled higher by an expectation for a 'remain' vote coming through in today's Brexit vote. With that out of the way, let's dig into five interesting oil and gas-specific trends today:

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Tagged ClipperBlog, LNG exports, OPEC Leave a comment
15 June

Oil selling off on ongoing economic uncertainty



Matt Smith

Forty-seven years after the birth of Ice Cube, and the bullish sentiment in the oil market is thawing once more. As economic conditions continue to look tepid, and supply outage fears melt, crude is moving lower for a fifth consecutive day. Hark, here are five things to consider in oil markets today.

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Tagged ClipperBlog, Nigeria, OPEC, Venezuela oil exports Leave a comment
02 June

Oil rallies on EIA draw, ignores OPEC inaction



Matt Smith

Sixty-three years to the day after the coronation of Elizabeth as Queen of England at Westminster Abbey, OPEC once again tries to prove itself as kingpin of the oil market. With an acronymtastic day today, courtesy of the ECB, ADP - and OPEC too - here are five things to consider in oil markets:

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Tagged ClipperBlog, OPEC, Saudi, Gabon oil exports Leave a comment
13 May

Oil running scared on this Friday the 13th



Matt Smith

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 Authors

MATT SMITH


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

DAN GRAEBER


Dan Graeber is Chief Editor at ClipperData. He specializes in exploring the intersection between geopolitical events and the price of oil.

Dan Graeber

AMIR RICHANI


Amir Richani is a geopolitical analyst at ClipperData, with a voracious appetite for studying political, economic and social developments in Latin America.

Amir Richani

NOAM RAYDAN


Noam Raydan is an analyst at ClipperData, focusing on political and security developments that could disrupt oil flows in the MENA region. She is also a tanker sleuth, scouring the high seas for unusual activities.

Noam Raydan

KEN SMITHMIER


Ken Smithmier is our Director of Research for Agricultural Markets. Follow along as Ken gets granular about grains.

Ken Smithmier


JOSH LOWELL


Josh Lowell is an energy analyst at ClipperData. He specializes in marine fuels, and is known for talking about IMO2020 in his sleep.

Josh Lowell


RON COIFMAN


Ron Coifman Ron is a petrochemicals markets editor at ClipperData. He has over four decades of experience in the petrochemical industry, with a particularly encyclopedic knowledge of Latin America markets.

Ron Coifman


KALEEM ASGHAR


Kaleem Asghar Kaleem is ClipperData's Director of LNG analytics, and our main man when it comes to all things natural gas related..

Kaleem Asghar

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