Matt Smith is a Director of Commodity Research at ClipperData. Matt specializes in extracting key themes from technical and fundamental analysis of the global energy market, and communicating these through daily and weekly deliverables. He also provides oil and natural gas analysis and commentary to national and international media outlets that include CNBC, Fox Business, Russia 24, the Wall Street Journal, MarketWatch, AFP, Reuters, and The Oil Daily. Prior to ClipperData, he spent eight years at Schneider Electric as a Commodity Analyst, where he also founded and authored the blog, Energy Burrito. Prior to Schneider, he spent eight years at the Royal Bank of Canada in London as a portfolio manager and financial analyst.

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Market Currents: Further signs of life in the oil patch

As financial markets are distracted once more by Federal Reserve Chair Janet Yellen, crude is not immune to this influence, making moves in response to the U.S. dollar’s gyrations (crude up, dollar down). We’ll choose to ignore this hullabaloo, and hark, consider six things specifically ...

Market Currents: Both Iran’s oil production and exports are stalling

With broader markets distracted by an impending speech by Federal Reserve Chair Janet Yellen, crude is once again preoccupied by potential OPEC developments. As the dollar softens and crude edges higher, hark – here are five things to consider in oil markets today. 1) Ecuador President Rafael ...

Market Currents: Permian rig count up nearly 50 percent

Oil prices are looking lower, facing headwinds of a stronger dollar and an impending bearish oil inventory report. Hark, here are six things to consider on oil markets today: 1) We’ve been having a bit of banter on social media today about Chinese oil imports, after one source reported that An ...

Market Currents: Asian producers coming under pressure

Oh good. It’s only the second day of selling after the recent rampant rally, and yet we are already hearing renewed rhetoric from key producers. Iran is the subject of the latest rumors, said to have agreed to attend next month’s producer meeting in Algeria. Nonetheless, prices are ignor ...

Market Currents: OPEC crude oil exports set to rise further

The recent oil rally is finally hitting the brakes, with prices retracing today on supply developments relating to Iraq and Nigeria, while vehement short-covering has brought financial positioning back from the ledge of bearish extremities. Hark, here are five things to consider in oil markets today ...

Market Currents: North Sea, Nigeria oil exports falling

As we truck on into the weekend, oil has turned lower after six consecutive days of rallying. (Only another 5.5 weeks until potential freeze talks in Algeria…). Later we get the latest CFTC data to see how emphatic short-covering has been, but for now – hark, here are five things to cons ...

Market Currents: Qatar economy rises as oil exports fall

Another day, another dollar (rally in oil prices). The tag-team of dollar weakness and production freeze hopes combine again to rally crude prices higher for yet another day. Hark, here are five things to consider in oil markets today: 1) Qatar’s economy is looking none too shabby, despite the ...

Market Currents: Weak oil exports seen from some parts of OPEC

Today’s weekly EIA inventory report has provided a very (very) welcome distraction from the production freeze jawboning. A solid draw to crude stocks, helped in large part by another large draw to the West Coast (h/t low imports) has been a supportive element, as has a solid draw to gasoline. ...

Market Currents:  OPEC oil exports at 25 million barrels per day

Conflicting commentary from various key global producers about a potential production freeze continues to encourage prices higher. A shifting focus towards another round of impending inventory data awaits us tomorrow, but today my friends, prices push on. Hark, here are six things to consider in oil ...

Market Currents: Middle East producers ramp up oil exports

Oil is carrying on where it left off last week, rallying higher on the low likelihood event of a production freeze by key global producers. As rumors and murmurs lifted prices last week by the most since April, there appears little incentive for producers to back away from jawboning. Hark, here are ...

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