Tag: OPEC

LNG Daily: Market Analysis

A big drain on US crude oil inventories and building anticipation ahead of the July conference for OPEC+ partners pushed crude oil prices sharply higher on Wednesday. Oil prices closed at $66.28/bbl for Brent and $59.25/bbl for WTI.

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ClipperClip: All Eyes on Iran

Back in the saddle after the recent bout of semi-annual ClipperView presentations in the US and Europe, I did my bi-weekly segment on NPR’s Texas Standard yesterday morning, before appearing on CNBC Asia last night. Both hits (not surprisingly) were

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LNG Daily: Market Analysis

Concerns about the health of the global economy and indecision among OPEC members helped pushed crude oil prices lower on Monday. Oil prices closed at $61.03/bbl for Brent and $51.94/bbl for WTI.

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ClipperClip: Heavy Heavy

This morning’s appearance on CNBC Squawk Box discussed the abundance of light crude amid a lack of heavy barrels ahead of IMO 2020. We also discussed signs of weaker oil demand from China and Germany, while Russia is ramping up product exports.

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Trading Places

Today’s blog looks at how crude and LPG flows into certain countries are trading places – with examples of Iranian, US and Libyan flows into countries such as China and South Korea.

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Bringing Home the Bagels

Today’s blog looks at Saudi deliveries to its Motiva Port Arthur refinery on the US Gulf, as well as the flows of Iraqi and Saudi barrels to other destinations such as India and South Asia.

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ClipperClip: Highwire Act

I was out on CNBC Asia last night discussing the current OPEC meeting, what the likely result of it will be, and who will be left happy afterwards (spoiler: not everyone).

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