ClipperBlog

21 April

Global crude loadings tick higher

Crude prices are heading lower again, rounding out a downbeat week, as the expectation of an OPEC production cut extension is more than outweighed by an ongoing lopsided market. As oversupply fears enter the fray once more, hark, here are five things to consider in oil markets today:  

 

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Tagged China product exports, DUCs, Permian Basin, total global crude loadings, Caribbean exports Leave a comment
18 April

Latam flows and frack sand

Oil is on the defensive again, retracing from resistance in recent days amid bearish U.S.-centric data of rampant production increases. Despite the Good Friday holiday, we get the EIA inventory report at the usual time tomorrow, but for now, hark, here are six things to consider in oil markets today:  

 

 

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Tagged Permian Basin, frack sand, US imports of Latin American crude 1 Comment
07 March

A bullish snore & bearish pause

Crude continues to churn in its tight trading range, little moved by Libyan supply concerns, nor by rhetoric coming out of CERAWeek in Houston. As we await another weekly dose of U.S. inventory data, all we can hear are bullish snores amid a bearish pause (paws?). Hark, here are five things to consider in oil markets today:

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Tagged Qua Iboe, Permian Basin Leave a comment
14 February

U.S. Producers feel the love on Valentine's Day

In honor of Valentine's Day, oil prices are following the arc of Cupid's arrow, and heading higher.  Although another likely bearish weekly inventory report lies in store tomorrow, production cut expectations carry more influence - at least today - to encourage a rally. Hark, here are five things to consider in oil markets today. 

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Tagged Nigeria oil exports, OPEC, Libya oil exports, India oil demand, Permian Basin 1 Comment
08 February

Sell the rumor, buy the (bearish) fact

Today's price action has been a case of sell the rumor, buy the (bearish) fact, as the affirmation of a gargantuan crude build from today's weekly EIA report has stoked some buying interest. All we can suggest is that last night's API print took the sting out of today's number, while a surprise draw to gasoline seems to be pulling crude higher by its bootstraps. Hark, here are five things to...

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Tagged Angola oil exports, Permian Basin, German electricity Leave a comment
01 December

OPEC party continues on

An OPEC-inspired rally continues for a second day, as the prospect of a production cut means a likely swifter market rebalancing...if it were implemented. (And that is a big IF). Nonetheless, the constructive development is spurring on positive sentiment and buying interest. A non-OPEC meeting in Doha now looms next week, but for now, hark, here are five things to consider in oil markets today.

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Tagged OPEC, Saudi oil exports, refinery runs, Permian Basin, US shale Leave a comment
31 October

Prices spooked by exports screaming higher

Happy Halloween! Crude is definitely spooked today, running scared as non-OPEC countries met over the weekend to discuss potential production cuts - but were unable to commit to anything concrete (sounds awfully familiar). Further encouraged by a stronger dollar, oil prices trudge on lower in forty dollardom; hark, here are five things to consider in oil markets today.

 

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Tagged Permian Basin, exxonmobil, china oil output 1 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
26 August

China energy challenges persist

As financial markets are distracted once more by Federal Reserve Chair Janet Yellen, crude is not immune to this influence, making moves in response to the U.S. dollar's gyrations (crude up, dollar down). We'll choose to ignore this hullabaloo, and hark, consider six things specifically relating to oil markets today: 

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Tagged China oil demand, OPEC, Doba, Permian Basin 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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