ClipperBlog

14 November

Dollar strength crushes crude

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?

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

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?)

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

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

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

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

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

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

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

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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