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ClipperBlog

16 October

Increasing Tensions, Increasing Flows

I was on CNBC Asia on Sunday evening as oil prices jumped higher, discussing how the disappearance of Jamal Khashoggi was unlikely to impact energy flows between the U.S. and Saudi Arabia. 

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Tagged Saudi oil exports, Iran oil exports, Iraq oil exports, China oil imports, India oil imports, Japan oil imports 3 Comments
27 July

ClipperClip: Covering all bases

I really look forward to talking to Ben Lichtenstein or Kevin Hincks on the TD Ameritrade Network; they come at things from a trading perspective, and always have their finger on the pulse. We covered all bases in this latest interview - from trade wars to Iranian tensions to Saudi's tactics to Brent's contango and gasoline.

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Tagged Strait of Hormuz, Saudi oil exports, Iran sanctions, contango, rbob Leave a comment
21 June

ClipperClip: OPEC cuts already being unwound

Last night's appearance on CNBC Asia highlighted that OPEC is definitely going to unwind the production cut deal. In fact, it appears they already have.

Historically, production rises ahead of an OPEC quota increase, and Saudi Arabia, Kuwait and UAE - the key proponents of the OPEC production cut deal - are all showing significantly higher crude exports so far this month, as spigots are opened...

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Tagged OPEC production cuts, OPEC oil production, Saudi oil exports, UAE oil exports, Kuwait oil exports 1 Comment
21 December

ClipperClip: 100 million barrels

I got to chat with my buddy, the mighty Dan Murphy, on CNBC Asia last night, and we covered a fair bit of ground: US crude inventories and the role of exports in reducing them, the Forties pipeline outage and who will plug the gap, and how Saudi must be feeling about the oil market (spoiler alert: absolutely delighted). Hark, click on the below mugshot to launch to the clip:

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Tagged US oil exports, us product exports, Saudi oil exports, Forties pipeline outage 1 Comment
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 OPEC oil exports, Saudi 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, Forcados, oil demand growth 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 OECD oil inventories, Saudi oil exports, refinery runs 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 Saudi oil exports, financial positioning, LNG exports, nuclear power 2 Comments

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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