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: US oil reliance on South America

As President Trump signs executive orders which pave the way for the Dakota Access and Keystone pipelines to move forwad, prices are running higher once again. Hark, here are five things to consider in energy markets today: 1) Yesterday we looked at how Arab Gulf crude imports to the U.S. totaled ne ...

Market Currents: U.S. dependency on Middle East crude is rising

Crude is starting the week by charging lower, as supportive rhetoric from OPEC over the weekend has done little to allay fears of ongoing strong supply this year – especially if OPEC does indeed end production cuts mid-year, and should U.S. production continue to show signs of life. Hark, here ...

Market Currents: Chinese oil demand pace to slow?

Crude is ripping higher into the weekend, as the ebb and flow of OPEC production cut expectations swing towards the bulls once more (the drop in Saudi export loadings this month are looking pretty tasty, it has to be said…). Stay strong, my friends, for the weekend awaits. In the meantime, har ...

Market Currents: Iraq oil still on the rise

Oil is finding some support thus far today off the back of the IEA’s monthly oil market report, which pointed to a tightening market amid OPEC production cuts. Hark, here are five things to consider in oil markets today. 1) In a similar fashion to yesterday’s OPEC report, IEA has boosted ...

Market Currents: OPEC still sees surplus despite cuts

Fun and games for the next few days have been kicked off by the release of the monthly OPEC report, with a monthly IEA and weekly EIA report to follow tomorrow. Immediate oil prices are being ushered lower by a rebounding dollar, unwinding yesterday’s rally, while signs of OPEC production cuts ...

Market Currents: Pockets of faltering oil production

With the U.S. dollar being dealt a most solid dose of the whoop-bang-wallops (WBWs), crude prices cannot help but be propelled higher today. The great British pound on track for its best day since 2008, as the promise of a parliamentary vote on Brexit has sent it on a madcap rally. A super-strong po ...

Market Currents: Asian oil reliance continues to grow

With markets closed today to witness Martin Luther King Jr. Day, prices are not surprisingly rather subdued amid quiet electronic trading. Nonetheless, fun and games will ramp up from tomorrow, with OPEC’s monthly oil report out on Wednesday, swiftly followed by the IEA’s monthly oil mar ...

Market Currents: Iraqi crude exports to U.S. keep rising

Crude prices are once again on the defensive today as oversupply fears swirl. As the market waits with bated breath for the manifestation – or lack thereof – of OPEC / NOPEC cuts, hark, here are five things to consider in oil markets. 1) Last week we discussed how Middle East producers s ...

Market Currents: OPEC exports to Asia to drop

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

OPEC exports go ‘hell for leather’ ahead of cuts

The phrase ‘hell for leather‘ first appeared in the Rudyard Kipling story, ‘The Valley of the Shadow’, relating to riding on horseback, and defined as ‘breakneck speed, or with reckless determination’. This is a more than adequate way to describe the crude exports ...

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