ClipperBlog

26 October

Back to the Future

Wowee, 1985 showed a rich vein of form for movies. It was the year that spawned The Goonies, The Breakfast Club,  Spies Like Us, Fletch and Back to the Future. It is Michael J Fox's breakthrough movie as Marty McFly which is particularly appropriate this month, given an event that is unfolding in the oil market which has not occurred in the last 32 years. 

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Tagged Saudi crude exports, OPEC oil exports, US oil imports, Iraq oil exports Leave a comment
23 August

OPEC giving up US market share

Oil prices are rallying post-EIA report as today's crude draw was joined by a drop in gasoline inventories. Although waterborne imports were strong last week, OPEC flows to the U.S. continue to ebb. Hark, here are some things to consider in oil markets today:

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18 August

Trundling crude

WTI is trundling lower into the weekend, still looking listless after hitting its head on resistance around the $50 mark. As the weekend beckons, hark, here are some things to consider in oil markets today:

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Tagged OPEC oil exports, us diesel exports, us gasoline export, mexico diesel imports, brazil diesel imports Leave a comment
07 July

Reality bites

Six months after the implementation of the OPEC production cut deal to reduce output by 1.2 million barrels per day, and we should be well on our way towards rebalancing - yet prices have just reached a new low for the year.

OPEC actually exported more crude in June than it did in October (the production cut deal reference level), while total global crude exports are over 10 percent higher...

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25 May

Extension reflects OPEC's shortcomings

As OPEC's latest meeting concludes in Vienna, just a glimpse at the charts below helps explain why the cartel's production cut deal has been extended for another nine months: it hasn't worked so far.

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Tagged OPEC oil exports, US oil imports 2 Comments
19 May

The complexity of OPEC compliance

One of the biggest conundrums of the OPEC / NOPEC production cut from a ClipperData perspective is that no sooner does a producer appear to be showing compliance via lower exports, lo and behold, volumes rebound.

Some producers have been fairly consistent in their discipline, barring a few blips (bravo, Saudi), while others stand on the sidelines, looking in the other direction (here's...

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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
13 February

As good as it gets

Oil is charging lower to start the new week, as the monthly OPEC oil market report has done little to assuage oversupply concerns - despite the cartel's proclamations of production cut compliance and upward revisions to oil demand growth. Hark, here are five things to consider in oil markets today:  

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Tagged OPEC oil exports, Basrah heavy, basrah light, Urals, fertilizer Leave a comment
06 February

Oil takes lead from Lady Gaga

Rather than rallying like Tom Brady and the New England Patriots, oil today is instead dropping faster than Lady Gaga's mic, ushered lower by a stronger dollar and ongoing expectations of an amply supplied market. Hark, here are five things to consider in oil markets today:   

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Tagged OPEC oil exports, U.S. oil imports, U.S. LNG exports, Japan LNG imports Leave a comment
10 January

Oil oversupply fears return

Crude prices are once again on the defensive today as oversupply fears swirl. As the market waits with bated breath for the manifestation - or lack thereof - of OPEC / NOPEC cuts, hark, here are five things to consider in oil markets.  

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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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