ClipperBlog

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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Tagged OPEC oil exports, UAE oil exports, OPEC compliance 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
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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Tagged OPEC oil exports, Iraq oil exports Leave a comment
06 January

OPEC cuts to the core?

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
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
29 November

OPEC's dominance in Asia

The gloves are off in Vienna and OPEC members are trading verbal blows about what they will or won't do in relation to production cuts. Finally the main event arrives tomorrow (finally!), while we also get the added bonus of a weekly inventory report to pique our interest. But for now, hark, here are five things to consider in energy today:

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Tagged OPEC oil exports, Asia oil imports Leave a comment
02 November

ClipperClip: Bamboozling

This morning's appearance on the set of CNBC Squawk Box was a fun affair as always; we addressed the current price move lower, and the possibility of OPEC bamboozling the market at the end of the month. Hark, click on the below mugshot to launch to the clip.

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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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