ClipperBlog

26 April

Strong imports can't stop crude draw

In today's game of rock-paper-scissors from the weekly EIA inventory report, crude inputs were propelled higher (like a rock), blunting the impact of super-strong imports (the scissors). On paper, the crude draw is bullish, but a modest rally is being kept in check somewhat by solid builds to the products. Hark, here are five things to consider in oil markets today:  

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Tagged Saudi Arabia oil exports, Venezuela, refinery runs, Iraq oil exports, Trainer refinery Leave a comment
15 March

EIA oil draw due to lower imports

Crude prices are rebounding today, bouncing off the trampoline of price support at $48 for WTI, $50 for Brent. A surprise draw to U.S. crude inventories (not to some) has been behind the rally (see more below), while the monthly IEA report followed in OPEC's footsteps by showing higher Saudi production, and higher OECD petroleum inventories. All that said, hark, here are five things to...

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Tagged Saudi oil exports, refinery runs, OECD oil inventories 2 Comments
22 February

Pass the Parcel

Crude prices are selling off today as gasoline holds up relatively better, as refiners playing 'pass the parcel' of bearishness betwixt the two. As refiners make economic run cuts due to lower profit margins, gasoline inventories are set to drop going forward amid lower supply....while crude inventories are set to continue to swell. Hark, here are five things to consider in oil and energy...

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Tagged refinery runs, U.S. crude imports, solar, shale break-evens, forward curve Leave a comment
21 December

Rising imports boost oil inventories

Oil prices are little changed, as a build to crude inventories in today's weekly inventory report has been offset by solid draws to the products. As traders start to shift focus from OPEC to Santa, hark (the herald angels sing), here are five things to consider in oil markets today:

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Tagged Saudi Arabia, refinery runs, EIA inventory report, Libya oil exports 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
25 August

Stalling Iranian production and exports

With broader markets distracted by an impending speech by Federal Reserve Chair Janet Yellen, crude is once again preoccupied by potential OPEC developments. As the dollar softens and crude edges higher, hark - here are five things to consider in oil markets today. 

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Tagged China oil production, OPEC, refinery runs, Iran 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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