ClipperBlog

06 December

No holiday cheer for US from OPEC

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

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?

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!

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

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

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

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

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

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

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

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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