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ClipperBlog

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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Tagged OPEC, Saudi Arabia oil exports, US oil imports Leave a comment
01 December

Lower Flows Highlight Venezuelan Plight



Matt Smith

Venezuelan president Nicolas Maduro said this week that PdVSA is willing to retaliate against financial sanctions from the U.S. by suspending oil exports to the country, sending crude to Asia instead.

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Tagged Venezuela oil exports, US oil imports, pdvsa Leave a comment
26 October

Back to the Future



Matt Smith

Wowee, 1985 showed a rich vein of form for movies. It was the year that spawned The Goonies, The Breakfast Club,  Spies Like Us, Fletch and Back to the Future. It is Michael J Fox's breakthrough movie as Marty McFly which is particularly appropriate this month, given an event that is unfolding in the oil market which has not occurred in the last 32 years. 

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Tagged Saudi crude exports, OPEC oil exports, US oil imports, Iraq oil exports Leave a comment
23 August

OPEC giving up US market share



Matt Smith

Oil prices are rallying post-EIA report as today's crude draw was joined by a drop in gasoline inventories. Although waterborne imports were strong last week, OPEC flows to the U.S. continue to ebb. Hark, here are some things to consider in oil markets today:

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Tagged OPEC oil exports, US oil imports Leave a comment
17 August

ClipperClip: The Kicker



Matt Smith
Last night's appearance on CNBC Asia addressed strong crude inventory draws in the US  - due to higher exports, lower imports and record refinery runs - and a potential looming product glut. Hark, click on the below mugshot to launch to the clip: Continue Reading
Tagged US oil imports, US oil exports, record refinery runs Leave a comment
07 July

Reality bites



Matt Smith

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
28 June

Still playing whack-a-mole



Matt Smith

Earlier in the week we discussed how lower Saudi export loadings in April are translating into lower arrivals on U.S. shores this month. This has prompted some to ask whether Iraq has stepped up to fill this supply gap.

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Tagged US crude imports, US oil imports, global floating storage Leave a comment
25 May

Extension reflects OPEC's shortcomings



Matt Smith

As OPEC's latest meeting concludes in Vienna, just a glimpse at the charts below helps explain why the cartel's production cut deal has been extended for another nine months: it hasn't worked so far.

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Tagged OPEC oil exports, US oil imports 2 Comments
16 May

Subdued crude amid ample supply



Matt Smith

Talk of rebalancing from the IEA and OPEC / NOPEC assurances of an extended production cut have not been enough to encourage the market higher. Even though global crude flows are showing new trends, the key takeaway is that the market appears well-supplied - at least for now. With that in mind, hark, here are five things to consider in oil markets today: 

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Tagged US oil imports, Russia oil exports, Bakken crude to Asia Leave a comment
02 May

Mexican crude exports head lower



Matt Smith

Oil prices are unable to get up off the canvas, as signs of global market rebalancing continue to be errant. With the first weekly EIA report of the month on deck tomorrow, hark, here are five things to consider in oil markets today: 

 

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Tagged US oil imports, Saudi product exports, mexican oil exports, Motiva Enterprises Port Arthur refinery Leave a comment
01 May

US imports of Middle East crude holding up



Matt Smith

Crude prices are heading lower as we jump into the fifth month of the year, amid concerns from a mixed bag of global economic data. As crude continues to hunt for signs of material market tightening, hark, here are five things to consider in oil markets today.   

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Tagged China oil production, US oil imports, US inventories Leave a comment
05 April

Oil waiting in US Gulf rebounds



Matt Smith

The crude complex is feeling charitable today, giving away most of its overnight gains, as last night's bullish API report head-faked the market. As Nonfarm Friday looms next on the radar, hark, here are five things to consider in oil markets today.

 

 

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Tagged US oil imports, us oil exports to China, mexican oil exports Leave a comment
16 March

Oil wobbles amid OPEC scrutiny



Matt Smith

Oil has got the wobbles after yesterday's rally, giving up gains as the dollar bounces from its lows. As OPEC compliance comes under scrutiny once more, hark, here are five things to consider in oil markets today. 

 

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Tagged OPEC, OPEC exports, US oil imports, Kashagan 2 Comments
08 March

Record US inventories weigh on oil



Matt Smith

As U.S. crude inventories jump to a further record high, prices are chugging lower once again. A backdrop of strong economic data is also helping to sweep crude lower, via the broom of a stronger dollar. As focus shifts back onto weaker U.S. fundamentals, hark, here are five things to consider in oil markets today.  

 

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Tagged Nigeria oil exports, EIA inventory report, US oil imports, North Sea oil exports Leave a comment
30 January

Caution and Optimism in equal measure



Matt Smith

Oil is getting tonked on this final Monday of the month, as broader market volatility is bringing out the bears. Signs of OPEC compliance continue to counter signs of life from US shale production, with shale winning the price war today. Hark, here are five things to consider in oil markets today:  

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Tagged US oil imports, US LNG exports, US oil imports, Northwest Europe oil exports, Mexico LNG imports Leave a comment
27 January

More choppy than...



Matt Smith

And crude continues to be more choppy than Chuck Norris fighting Hong Kong Phooey fighting Bruce Lee, selling off today after yesterday's rally (after selling off on Wednesday after rallying on Tuesday...). Hark, here are five things to consider in energy markets today:    

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Tagged Mexico oil exports, US oil imports, US LNG exports, India solar, Mexcio LNG imports Leave a comment
03 November

The record build that never was



Matt Smith

Yesterday’s weekly EIA inventory report showed a 14.4 million-barrel build to oil inventories, the largest since weekly records began in 1982.

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Tagged EIA inventory report, US oil imports Leave a comment
20 October

Drop in oil imports likely a blip



Matt Smith

As yesterday's exceedingly mixed weekly EIA report is digested, oil prices are unwinding a good deal of yesterday's knee-jerk rally. As dollar strength further encourages crude lower, hark, here are five things to consider in oil markets today:

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Tagged China oil production, Nigeria oil exports, Russia oil production, US oil imports, PADD5 Leave a comment
05 October

Saudi still pushing for market share



Matt Smith

Oil prices are moving higher once again, boosted by a supportive weekly inventory report (and not OPEC rhetoric....refreshing!). As further distractions await in the coming days via data deluges, hark, here are five things to consider in oil markets today.

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Tagged Saudi oil exports, US oil imports, OSP, Alaska oil production 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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