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: Qatar’s energy exports

As pockets of geopolitical tension leave the crude market neither shaken nor stirred, hark, today we dig into some of these hotspots to see what their energy flows look like, and how they could be impacted: Fears have been stoked in recent days about the impact to US imports of Venezuelan crude amid ...

Market Currents: Oil still roiled

As oil ventures into forty dollardom once more, today’s blog takes a peek at a number of supply side influences, from Basrah buoyed to Brazil nuttiness, all via a ‘call on shale’. Hark, here are a number of things to consider in oil markets today: According to reports, Brazilian ex ...

Market Currents: OPEC – The Hangover

No sooner had the dust settled after the conclusion of the latest OPEC meeting (with oil traders selling the market like hot cakes), we got Saudi oil minister Khalid Al-Falih saying that exports to the US were dropping measurably. While this has caused a good degree of excitement in the market, we h ...

Market Currents: Extension reflects OPEC’s shortcomings

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. For all the talk of near-perfect compliance from OPEC, we have consistently highli ...

Market Currents: Limbering up for OPEC

Last week we discussed how some OPEC producers are exhibiting compliance via lower exports, while others are not. Our export data affirms what others are saying about Iraq: that OPEC’s second largest producer has not been playing ball. Exports out of the south of the country continue to hold u ...

The complexity of OPEC compliance

One of the biggest conundrums of the OPEC / NOPEC production cut from a ClipperData perspective is that no sooner does a producer appear to be showing compliance via lower exports, lo and behold, volumes rebound. Some producers have been fairly consistent in their discipline, barring a few blips (br ...

Market Currents: Russian crude flows to U.S. continue

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 ...

Market Currents: OPEC’s losing battle?

Oil is rallying for a second consecutive day, with continued positive momentum from yesterday’s weekly inventory report, in combination with rising hopes of deeper and/or longer production cut commitments by OPEC. (OPEC cuts are starting to feel like QE at the turn of the decade: omnipresent). ...

Market Currents: OPEC exports playing whack-a-mole

After yesterday’s monthly EIA report, and tomorrow’s monthly OPEC report, the weekly EIA inventory report acts as the filling in this energy data sandwich. While have to wait until next Tuesday (16th) to get the IEA’s monthly offering, hark, here are five things to consider in oil ...

Market Currents: Saudi crude exports show April pullback

Crude is rebounding into the weekend after yesterday’s solid dose of the WBWs (whoop-bang-wallops, lest we forget). Although prices are now mired below their 200-day averages, after dropping ~15 percent from mid-last month, some bargain-hunting has entered into the fray at the end of the week. ...

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