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ClipperBlog

30 April

Turkey Looks Beyond Iranian Barrels



Noam Raydan

Back in 2014, amid sanctions on Iran, Turkey was importing around 100,000 barrels per day of Iranian oil. Imports doubled to over 200,000 bpd in 2017, before the re-imposition of sanctions by the United States late last year. 

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Tagged Russia, Iran, Iran oil exports, Russia oil exports, Iran sanctions, Turkey Leave a comment
18 March

The Geopolitical Energy and Risk Monitoring Report



Dan Graeber

Welcome to The Geopolitical Energy and Risk Monitoring Report (GERM) by Dan Graeber, a commentary on the intersection between geopolitical events and the price of oil. Our indicator is based on the expected price volatility by the end of the current trading week.

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Tagged Iran oil exports, US heavy crude imports, venezuela crude exports, geopolitical tension 1 Comment
19 November

The GERM Report



Dan Graeber

Welcome to The GERM Report by Dan Graeber, a commentary on the intersection between geopolitical events and the price of oil. GERM stands for Geopolitical Energy and Risk Monitoring. Our indicator is based on the expected price volatility by the end of the current trading week.

Risk level: Yellow-Elevated

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Tagged Iran oil exports, Saudi Arabia oil production, US imports of Saudi crude, geopolitics, geopolitical tension, Iran crude exports Leave a comment
15 November

Misdirection of Houdini-sized proportions



Matt Smith

Whether intentional or not, the US administration has played their hand masterfully. Since the early October highs, oil prices have dropped over 25 percent, paving the way for a 25 cent drop in retail gasoline prices (with a cascade to come). 

While a number of supply and demand-side considerations have caused such a stark reversal in both market sentiment and prices, the role of the U.S....

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Tagged Saudi oil production, Russia oil production, Iran oil exports, OPEC crude exports Leave a comment
25 October

Dude, Where's my Sour?



Matt Smith

Scary times lay ahead, as Halloween looms and Iranian sanctions beckon.  Despite a lesser drop-off in Iranian exports than expected, they still appear set for a roller coaster ride lower as we hurtle through November. With this white-knuckle ride in mind, shifts in crude flows have been underway as end-users make arrangements so they aren't left wondering: Dude, where's my sour?*

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Tagged Iran oil exports, Urals, CPC Blend crude exports, Asia oil demand, Indian oil imports Leave a comment
16 October

Increasing Tensions, Increasing Flows



Matt Smith

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 China oil imports, Saudi oil exports, Japan oil imports, India oil imports, Iran oil exports, Iraq oil exports 3 Comments
25 September

ClipperClips: Oil's OPEC Overreaction



Matt Smith

As Brent crude pushed to multi-year highs yesterday, it was the topic of conversation on my every-other-Monday-morning segment on NPR's Texas Standard, as well as on CNBC Asia last night.

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Tagged OPEC, Iran oil exports, spare capacity, saudi arabia crude exports 1 Comment
24 August

I Drink Your Milkshake!



Matt Smith

The splendidly-directed movie 'There Will Be Blood' by P.T. Anderson is about the early days of the oil boom.

There is an epic scene between actors Daniel Day Lewis and Paul Dano, in which Daniel Day Lewis says: 'I DRINK YOUR MILKSHAKE!'. 

This is a century-old hat-tip to directional oil drilling, as Daniel Day Lewis' character has used slant drilling to drain an oil reservoir under an...

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Tagged OPEC oil exports, Iran oil exports, Iraq oil exports Leave a comment
17 August

Mixed Fortunes for Flows to China



Matt Smith

Our friends over at Ursa published a blog post yesterday discussing crude inventories at Kyaukphyu in Myanmar, highlighting the seeming political nature of recent crude flows to the storage hub. 

Crude is delivered to CNPC's Kabala terminal in Myanmar and is stored at Kyaukphyu before being transported by pipeline to the Yunnan refinery in China. 

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Tagged China oil imports, Iran oil exports, US oil exports 1 Comment
16 August

ClipperClips: Chi-Town & China



Matt Smith

I was in Chicago yesterday giving a keynote speech at a conference, so I grabbed the opportunity to swing by the TD Ameritrade Network and meet Ben Lichtenstein in person. 

We did a segment covering all manner of things (as per usual) - including China, the US dollar, inventories, OPEC and gasoline. 

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Tagged China oil imports, US LNG exports, Iran oil exports, US gasoline exports, OPEC crude exports 1 Comment
03 August

OPEC takes a new tack with higher exports



Matt Smith

After OPEC crude exports hit a record in June, ongoing strength in July seems to affirm a new trend, as opposed to a flash in the pan. 

June's pre-OPEC meeting export ramp-up was pretty spectacular, propelling June's exports over 1.5 million barrels per day higher than May.

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Tagged Iran oil exports, Iraq oil exports, OPEC crude exports 2 Comments
22 May

ClipperClips: Pumping Prices



Matt Smith

Nutty times in the oil market (again). Yesterday morning I was out on NPR's Texas Standard discussing retail gasoline prices as they approach the $3/gallon handle, you can listen to the segment here. I also appeared on CNBC Asia last night, discussing the slow-motion car crash that is Venezuela, among other things. 

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Tagged Iran oil exports, venezuela crude exports, naphtha exports to Venezuela Leave a comment
11 April

Oil bobbing ahead of monthly reports



Matt Smith

Today is national submarine day, and oil prices are trying not to submerge after a recent sustained rally. Today we get the opening gambit from the triumvirate of reports from the EIA, IEA and OPEC, with the EIA's short term energy outlook on deck first. OPEC is waiting in the wings tomorrow, before the IEA's Oil Market Report follows as the caboose on Thursday. In the meantime, hark, here are...

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Tagged Algeria oil exports, Iran oil exports Leave a comment
06 January

OPEC cuts to the core?



Matt Smith

Happy Nonfarm Friday! It is the first Friday of the year, hence we get our first monthly dose of official US employment data. Job creation last month was below expectations, but was offset by upward revisions to prior months, while wage growth also improved to the fastest pace in seven years, adding a positive hue to the report.

Dollar strength off this report is helping to keep crude in...

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Tagged OPEC, OPEC oil exports, Iran oil exports, China renewables Leave a comment
23 November

Iran oil exports into EU increase



Matt Smith

Happy Thanksgiving Eve! A fairly neutral EIA report - tilted a wee bit bullish for crude, bearish for the products - has been a welcome distraction, before a surgical focus has returned to every rumor and murmur out of OPEC delegates. So to distract from all of this, hark, here are six things to consider in oil markets today:

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Tagged OPEC, EIA inventory report, Iran oil exports Leave a comment
17 November

OPEC exports still elevated



Matt Smith

Crude is pushing higher, fanned by OPEC production cut hopes, but kept somewhat in check by rampant US dollar strength on the back of positive U.S. economic data. Hark, here are five things to consider in oil markets today:

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Tagged Nigeria oil exports, Qua Iboe, Bonny Light, Iran oil exports Leave a comment
21 October

Lower US oil imports a seasonal thing



Matt Smith

As a super-duperly strong dollar pressures the new WTI front month contract into negative territory to end the week, hark, here are five things to consider in oil markets today:  

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Tagged Iran oil exports, vasconia, Colombia oil exports, castilla blend Leave a comment
04 October

Iran condensate on the rise



Matt Smith

And we welcome the distraction of tomorrow's inventory report with open arms, as well as Nonfarm Friday after that, as it takes some focus away from the ongoing OPEC shenanigans. As prices maintain a footing despite a super-strong dollar, hark, here are five things to consider in oil markets.   

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Tagged South Pars condensate, Buckeye Freeport, Iran oil exports, Statoil South Riding Leave a comment
27 September

Iran focusing on market share



Matt Smith

As the euro tumbles and optimism wanes from Algiers, oil prices are charging lower ahead of a likely build to crude inventories in tomorrow's weekly inventory report. Hark, here are five things to consider in energy markets today:

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Tagged Saudi oil exports, shale breakevens, Iran oil exports Leave a comment
23 September

Going through the motions



Matt Smith

Crude prices are selling off, aided by Saudi comments that a decision will not be forthcoming from next week's OPEC meeting in Algiers. Add to this news that the Federal Reserve is looking to restrict bank involvement in physical commodities...and dollar strength as the cherry on top...and oil is heading lower into the weekend. Hark, here are five things to consider in oil markets today:

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Tagged OPEC, Saudi oil exports, Iran oil exports, Iraq oil exports, Permian Basin Leave a comment
08 September

Large oil draw surprises market



Matt Smith

 As a humongous draw to oil inventories has wrong-footed the market, crude prices have ripped higher in response. Hark, here are five things to consider in oil markets today:

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Tagged OPEC, Saudi oil exports, Iran oil exports, Iraq oil exports, inventory report Leave a comment
30 August

ClipperClip: Not warming to a freeze



Matt Smith

It was great to be on the CNBC Squawk Box set again, made all the more fun by getting to meet Davis Love III in the green room with the Ryder Cup. We covered (the anchors and myself, not Davis Love III ) next month's meeting of OPEC and key oil producers, as well as retail gasoline prices and U.S. domestic production. Hark, click on the below mugshot to launch to the clip:

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Tagged OPEC, Saudi Arabia, gasoline, Iran oil exports, Iraq oil exports 2 Comments
05 August

Strong jobs, weak oil



Matt Smith

Welcome to another Nonfarm Friday! As job creation last month was mucho better than consensus (255,000 jobs created versus 180,000 expected, with an upward revision to prior data to boot), broader markets have a skip in their step, and are heading higher. Rising expectations of an interest rate hike return once more, hence a strengthening dollar is putting concrete boots on a third consecutive...

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Tagged ClipperBlog, Saudi oil exports, Iraq crude oil loadings, OPEC oil exports, Iran oil exports Leave a comment
22 July

Oil heads lower, tests technical support



Matt Smith

Crude is heading lower into the weekend as supply glut fears persist, while further endorsement of a sell-off is provided by a stronger dollar. Hark, here are seven things to consider in crude markets today:

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Tagged ClipperBlog, Japan LNG, Iran oil exports Leave a comment
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
16 June

Oil lower for sixth consecutive day



Matt Smith

Thirty-six years after the movie 'The Blues Brothers' opened in Chicago, and the black gold brothers of Brent and WTI are looking melancholic once more. As Brexit fears cause both uncertainty and a flight to the safety of the U.S. dollar, crude shuffles lower for a sixth consecutive day. Hark, here are five things to consider in oil markets today.

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Tagged ClipperBlog, Asia oil imports, gasoline, Iran oil exports 1 Comment
06 June

Outages buoy oil to start the week



Matt Smith

One hundred and thirty-four years after H.W. Seely patented he first electric iron, and the crude complex is unable to get rid of the wrinkles from supply concerns. As broader markets try to recover from Friday's ugly jobs report, the oil market is introspective, focusing on its own fundamentals once more. Hark, here are five things to consider in oil markets today: 

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Tagged ClipperBlog, Saudi oil exports, crude-by-rail, Iran 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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