ClipperBlog

07 July

Reality bites

Six months after the implementation of the OPEC production cut deal to reduce output by 1.2 million barrels per day, and we should be well on our way towards rebalancing - yet prices have just reached a new low for the year.

OPEC actually exported more crude in June than it did in October (the production cut deal reference level), while total global crude exports are over 10 percent higher...

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Tagged Saudi oil exports, OPEC oil exports, US oil imports Leave a comment
26 May

The Hangover

No sooner had the dust settled after the conclusion of the latest OPEC meeting (with oil traders selling the market like hot cakes), we got Saudi oil minister Khalid Al-Falih saying that exports to the US were dropping measurably

While this has caused a good degree of excitement in the market, we here at the good ship ClipperData had already highlighted at the beginning of this month that...

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Tagged OPEC exports, Saudi oil exports Leave a comment
10 May

OPEC exports playing whack-a-mole

After yesterday's monthly EIA report, and tomorrow's monthly OPEC report, the weekly EIA inventory report acts as the filling in this energy data sandwich. While have to wait until next Tuesday (16th) to get the IEA's monthly offering, hark, here are five things to consider in oil markets today:

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Tagged Saudi oil exports, India oil imports, oil demand growth, Forcados Leave a comment
21 March

Saudi flows swing west once more

Crude prices are coming under selling pressure once again, as oversupply concerns dwarf OPEC production cut expectations. As equity markets join oil prices in charging lower, hark, here are six things to consider in oil markets today. 

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Tagged Saudi oil exports, Japan product exports, China vehicle sales 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
20 February

Something's gotta give

U.S. markets are closed today in observation of Presidents Day, but crude prices are still trucking on higher in thin electronic trading. Fun and games have been deferred until later in the week, with the EIA inventory report pushed back until Thursday. As for today, hark, here are five things to consider in oil and energy markets:

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Tagged LNG exports, Saudi oil exports, financial positioning, nuclear power 2 Comments
04 January

ClipperClip: Pedal to the metal

My first outing on CNBC Squawk Box this year was fun as always; it was a quick tour of key issues in the crude complex, including some immediate OPEC trends we are seeing in our ClipperData at the turn of the year. Hark, click on the below mugshot to launch to the clip:

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Tagged China oil demand, OPEC, Saudi oil exports 1 Comment
19 December

Market share battles persist

As we shuffle into two weeks of lower trading volume over the holiday period, and as we await next month's production cuts to start showing up in our export data (woot woot!), oil is looking decidedly undecided today. Hark, here are five things to consider in oil markets today.

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Tagged China oil imports, OPEC, Saudi oil exports Leave a comment
09 December

Saudi making tough choices

Oil prices remain bid up into the weekend, as the market adopts the first part of the motto 'buy the rumor, sell the fact' ahead of tomorrow's OPEC / NOPEC meeting. Ahead of the weekend's fun and games, hark, here are five things to consider in oil markets today:

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Tagged Saudi oil exports, nopec, azeri light Leave a comment
06 December

OPEC OUTPUT UP! UP! UP!

The crude complex is finally taking a breather after the recent OPEC-sponsored rally. We're now faced with the juxtapositioning of rising OPEC output versus promised cuts; something which could well become a recurring theme over the coming months. Weekly inventories beckon tomorrow, but hark, here are five things to consider in oil markets today:

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Tagged OPEC exports, Saudi oil exports, OPEC production 1 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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