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: More problems for Nigerian oil production

As OPEC members finally (finally!) gather in Algiers, market movement is set to be dictated by every word, facial expression and gesticulation – the like of which has not been seen since Janet Yellen in the last Federal Reserve meeting. Despite speculative short positions increasing in the lat ...

Market Currents: OPEC shenanigans persist

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 ...

Market Currents: Colonial pipeline outage leaves imbalanced gasoline markets

After being surprised by the voracity of the weekly oil inventory draw yesterday, oil prices have been rallying ever since. Today a move higher is being further encouraged by a weakening dollar in the aftermath of the Fed meeting (and amid some soft economic data). Hark, here are seven things to con ...

Market Currents: Topsy-turvy U.S. gasoline balance

One hundred and thirty-one years after the birth of the mighty Jelly Roll Morton, the crude complex has got the blues once more. Prices are moving lower today, led by gasoline as the Colonial pipeline panic eases, and as the ebb and flow of OPEC expectations wane once more – after wax-on actio ...

Market Currents: West Coast importing Omani oil

Oil is charging higher to start the new week, on the ebb and flow of production freeze rhetoric and adverse developments relating to returning Libyan exports. Hark, here are five things to consider in oil markets today: 1) As the meeting of OPEC members looms next week, we are set for heightened scr ...

Market Currents: U.S. oil imports showing strength

Gasoline is continuing its charge higher amid ongoing issues relating to the Colonial pipeline. Nonetheless, crude is charging lower into the weekend as oversupply fears weigh and dollar strength returns. Hark, here are six things to consider in oil markets today. 1) In response to last week’s ...

Market Currents: Bearish tilt to oil market remains

Crude has just given up the ghost of a rally, as poor economic data weighs on broader market sentiment again. As the dollar rallies, despite waning rate hike hopes, crude is under pressure once more. Hark, here are five things to consider in oil markets today. 1) Today’s post out on RBN Energy ...

Market Currents: Is a distillate glut next?

Happy middle O’week! After temporarily ripping higher in response to a surprise draw to crude inventories, oil prices are looking lower once more, as bearish builds from the products more than offset this. Hark, here are five things to consider in oil (and natgas) markets today. 1) About that ...

Market Currents: OPEC members seeing record production

The combination of a strong US dollar and a weak IEA report is clobbering crude today. As the market limbers up for tomorrow’s EIA report, hark, here are five things to consider in oil markets today. 1) The release of the monthly IEA report has served to wop-bom-a-loo-mop-a-lomp-bam-wallop cru ...

Market Currents: Few bullish signs from OPEC

Oil prices have reversed losses and are heading higher today, despite a bearish-tilted monthly OPEC report. The US dollar has pulled a U-turn, and weakness is encouraging crude higher once more. Hark, here are five things to consider in oil markets today. 1) With the latest monthly OPEC report out t ...

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