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ClipperBlog

18 October

ClipperClip: Saudi, Stocks and Shocks



Matt Smith

I was on the set of CNBC's Squawk Box this morning, discussing the oil market and the myriad of current influences. We discussed everything from rising US inventories to the potential of sanctions on Saudi. Contrary to Joe's belief, my voice was louder than my vest.

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Tagged Saudi Arabia oil exports, US oil inventories Leave a comment
16 February

Saudi exports muddy the waters



Matt Smith

Saudi Arabia continues to keep the market informed about its stance on the OPEC production cut deal, with Khalid al-Falih's latest guidance that Saudi would prefer to overtighten the market than exit early from cuts (channeling Neil Young's 'it's better to burn out than fade away'). 

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Tagged Saudi Arabia oil exports, US imports of Saudi crude, Saudi Aramco IPO 3 Comments
05 February

OPEC crude exports to US remain choppy



Matt Smith

Back at the start of December, we discussed how Venezuelan crude deliveries to the U.S. were sliding, and particularly to Citgo refineries.  December ended up being the lowest level of Venezuelan grades to the U.S. on our records, as total Venezuelan crude exports dropped under 1.1 million barrels per day.

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02 February

(Another) 100 million barrels



Matt Smith

Back in December we discussed how US oil inventories had been drawn down by a hundred million barrels from their peak last March, channeling Dr Evil from Austin Powers.

In recent weeks we have been on tour, presenting our six-month proprietary outlook, and have been highlighting the case of another 100 million barrels - this time via the cumulative drop in Saudi crude exports over the last...

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Tagged market rebalancing, Saudi Arabia oil exports, Libya oil exports, OPEC compliance, impact alerts Leave a comment
06 December

No holiday cheer for US from OPEC



Matt Smith

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
29 November

ClipperClip: All about Saudi



Matt Smith

This morning's appearance on CNBC's Squawk Box addressed the impending OPEC meeting, and how Saudi continues to lead the charge in the production cut, and will dictate the shots going forward. Hark, click on the below mugshot to launch to part of the clip:

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Tagged Saudi Arabia oil exports, Venezuela oil exports, Iraq oil exports, Iran oil production Leave a comment
24 October

ClipperClip: To Aramco...and beyond!



Matt Smith

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
15 August

US inventories back in focus



Matt Smith

After trying to grab ahold of the fifty dollar handle, WTI has lost its grip and is sliding lower in forty dollardom once more. Even though U.S. inventories look set to descend through August, global oversupply concerns are overshadowing this supportive influence. Hark, here are some things to consider in oil markets today.

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Tagged Saudi Arabia oil exports, Venezuela oil exports, India oil demand Leave a comment
14 July

A crude cornucopia



Matt Smith

We've had more energy-related newsflow than we can shake a stick at this week, with the triumvirate of monthly reports from the EIA, IEA and OPEC. The crude complex looks to finish the week with a solid gain, as positivity relating to demand distracts us from ongoing strong supply - at least for now. As we head into the weekend, hark, here is a cornucopia of crude and energy-related tidbits to...

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Tagged LNG exports, Saudi Arabia oil exports Leave a comment
26 June

Saudi export cuts kicking in



Matt Smith

We discussed back in early May how Saudi Arabian crude export loadings in April had dropped materially. Given the journey time to US shores (hark, seven-ish weeks), the expectation was that we would start to see lower volumes reflected in the June data. And sure enough, as we prepare to exit June stage right, arrivals are on the decline.

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Tagged Saudi Arabia oil exports, US imports of Saudi crude 2 Comments
26 April

Strong imports can't stop crude draw



Matt Smith

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
19 April

Saudi's balancing act



Matt Smith

After a lesser draw than expected to crude inventories, oil is selling off on this third Wednesday in April. As strong imports from the Middle East this week should help to buoy inventories for next week's report, hark, here are five things to consider in oil markets today. 

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Tagged Saudi Arabia oil exports, Saudi Arabia oil inventories, IMF Leave a comment
27 March

OPEC pledge to lower crude exports



Matt Smith

Oil prices are subdued to start the week, as the weekend's compliance meeting has done little to allay oversupply fears. As WTI continues to trek on in forty-dollardom, hark, here are five things to consider in oil markets today:

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Tagged Saudi Arabia oil exports, Angola oil exports, Iraq oil exports Leave a comment
22 March

OPEC arrivals lag to U.S. shores



Matt Smith

Crude is heading lower today after a solid build to crude inventories from the weekly EIA inventory report. As U.S. inventories climb to a new record high, crude is having a tough time believing that the market is re-balancing. Hark, here are five things to consider in oil markets today:   

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Tagged Saudi Arabia oil exports, OPEC exports to the US, US oil inventories Leave a comment
28 November

Deal or no deal?



Matt Smith

We have a week which starts with cartel controversy, and concludes with Nonfarm Friday. Somewhere inbetwixt, we get the small matter of an OPEC meeting in Vienna. With that in mind, hark, here are five things to consider in oil markets today.

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Tagged OPEC, Saudi Arabia oil exports, Iraq oil exports Leave a comment
06 October

Fifty dollardom, ho!



Matt Smith

Happy Nonfarm Friday Eve! Prices are pushing on for yet one more day, under the gravitational pull of another informal producer meeting - this time in Istanbul next week for certain OPEC members and Russia. As prices are lifted by the wings of hope once more, hark, here are five things to consider in oil / energy markets today:

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Tagged Saudi Arabia oil exports, Kuwait oil exports, US LNG exports Leave a comment
02 September

Oil rallies into holiday weekend



Matt Smith

Happy Nonfarm Friday! After selling off strongly so far this week, oil prices are mustering a bounce into the holiday weekend, encouraged higher by an underwhelming employment report and an (initial) strong sell-off in the dollar. Even though the dollar has reversed course, oil is holding onto gains. Hark, here are four things to consider in oil markets today:

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Tagged Nigeria oil exports, Saudi Arabia oil exports, Japan oil imports Leave a comment
20 July

Crude rebounds after inventory report



Matt Smith

Crude prices have reversed losses post-inventory report, despite a bearish build to gasoline stocks. As crude tries to clamber away from key technical support, hark, here are five things to consider in markets today.

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29 June

Oil marching on as sentiment improves



Matt Smith

Once again, broader markets are maintaining a risk-on stance, with a falling dollar helping to usher crude prices higher. With weekly inventories bringing focus back to U.S. fundamentals as we charge toward a holiday weekend (stay strong, my friends), here are five things to consider relating to oil and energy today. 

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Tagged ClipperBlog, Saudi Arabia oil exports, Iran oil exports, Iraq oil exports Leave a comment

About the Authors

MATT SMITH


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

DAN GRAEBER


Dan Graeber is Chief Editor at ClipperData. He specializes in exploring the intersection between geopolitical events and the price of oil.

Dan Graeber

AMIR RICHANI


Amir Richani is a geopolitical analyst at ClipperData, with a voracious appetite for studying political, economic and social developments in Latin America.

Amir Richani

NOAM RAYDAN


Noam Raydan is an analyst at ClipperData, focusing on political and security developments that could disrupt oil flows in the MENA region. She is also a tanker sleuth, scouring the high seas for unusual activities.

Noam Raydan

KEN SMITHMIER


Ken Smithmier is our Director of Research for Agricultural Markets. Follow along as Ken gets granular about grains.

Ken Smithmier


JOSH LOWELL


Josh Lowell is an energy analyst at ClipperData. He specializes in marine fuels, and is known for talking about IMO2020 in his sleep.

Josh Lowell


RON COIFMAN


Ron Coifman Ron is a petrochemicals markets editor at ClipperData. He has over four decades of experience in the petrochemical industry, with a particularly encyclopedic knowledge of Latin America markets.

Ron Coifman


KALEEM ASGHAR


Kaleem Asghar Kaleem is ClipperData's Director of LNG analytics, and our main man when it comes to all things natural gas related..

Kaleem Asghar

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