ClipperBlog

28 September

Oil choppy due to OPEC, inventories

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

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

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

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

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

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?

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

 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

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

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

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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