Matt Smith

Latest articles from Matt

• Russian Economy In Dire Straits As Chinese Demand For Oil & Gas Slows

  Published 03 September 2015 | viewed 14,727 times

  As opposed to the usual free-form structure, let’s do some painting by numbers to color in the backdrop for today’s market currents. Henceforth, five observations…

• Oil Prices Might Dip Over This Bearish News

  Published 02 September 2015 | viewed 7,123 times

  Once again, the API has put the cat among the pigeons ahead of the weekly EIA inventory report. Prices had already spent yesterday getting stomped…

• Oil Prices Tank Over Mediocre Chinese Economic Data

  Published 01 September 2015 | viewed 11,200 times

  Suckerpinch, suckerpunch, for the first day of the month. We kick off September carrying the baggage that we picked up last month – that of…

• Could Oil Sink Below $40 Per Barrel Again?

  Published 31 August 2015 | viewed 12,114 times

  Arightee folks, this week is set to be a scream (R.I.P. Wes Craven) as we shimmy from August into September (hark, 114 shopping days until…

• Can Oil Continue To Rally Like This?

  Published 28 August 2015 | viewed 15,270 times

  On this final Friday in August, the crude complex is looking lower into the weekend after yesterday’s nutty 10% rally. The rollercoaster ride across financial…

• Is This The Beginning Of A Longer Oil Price Rally?

  Published 27 August 2015 | viewed 11,352 times

  To celebrate Pee Wee Herman’s 63rd birthday, markets are having their own big adventure today. Overnight equity markets have been racing higher, catching up with…

• Just How Important Is China In The Commodities Markets?

  Published 26 August 2015 | viewed 7,404 times

  After last week’s EIA inventory report yielded a lower refining/higher imports-sponsored build to crude stocks, last night’s 7.3 million barrel drop from the API report…

• Oil Prices See A Modest Rebound As Some Bullish Signals Appear

  Published 25 August 2015 | viewed 8,550 times

  Forty years to the day after Bruce Springsteen’s third album was released, and markets do indeed seem born to run today. Although the Chinese stock…

• Merciless Market Rout Drags Oil Further Down

  Published 24 August 2015 | viewed 6,036 times

  Not a lot going on this morning, except for the small matter of a bloodbath of epic proportions across global markets. After US equity markets…

• Commodity Markets In Distress As Oil Rout Continues

  Published 21 August 2015 | viewed 8,731 times

  One hundred and eleven years after the birth of Count Basie, and the ongoing rout in the crude complex is in full swing today. Downhill…

• Supply, Demand Equilibrium Further Away Than Ever Before

  Published 20 August 2015 | viewed 9,910 times

  Yesterday’s 2.6 million barrel build to crude stocks from the US weekly inventory report has has sucker-punched oil prices lower once more. A drop in…

• More Rotten News For The Commodities Markets

  Published 18 August 2015 | viewed 11,174 times

  There is a familiar feeling about today, as economic woes have clobbered the Chinese stock market overnight (hark, down 6.2%). Heavy selling ensued into the…

• August Is Unlikely To See A Recovery In Oil Prices

  Published 17 August 2015 | viewed 6,976 times

  As we charge into the second half of August, the crude complex is continuing to charge lower. Things are pretty quiet on the economic data…

• What A Nuclear Restart Means For Japanese Oil Demand

  Published 15 August 2015 | viewed 6,530 times

  With so much focus on the level of Chinese oil imports, impending U.S. LNG exports, and India’s rising coal consumption, it goes somewhat by the…

• A September To Remember?

  Published 14 August 2015 | viewed 7,095 times

  And the crude complex is like a bruised prize fighter this morning, trying to get up off the canvas after being knocked down once again.…

• Canadian Oil Benchmark Falls Off A Cliff

  Published 13 August 2015 | viewed 8,507 times

  Third time is a charm as China has reset its currency peg for a third day on the trot. The law of diminishing returns means…

• Will A Possible Interest Rate Increase Hit Energy Markets?

  Published 11 August 2015 | viewed 7,124 times

  Part of life is accepting your shortcomings, and trying to move beyond them. For example, I have had to come to terms with the fact…

• Jumping The Shark In A Sluggish Energy Market

  Published 24 July 2015 | viewed 6,763 times

  To be honest, I had not heard of the phrase ‘Jumping The Shark‘ until recently (I’m not talking about surfer Mick Fanning either). It’s not…

• China’s Appetite For Light Crude On The Rise

  Published 16 July 2015 | viewed 7,326 times

  It appears to be a conundrum worthy of the attention of Fred, Daphne, and Velma (complete with Shaggy and Scooby to solve it), as contrasting…

• Dodging The Export Ban: U.S Condensates Export Flourishes

  Published 09 July 2015 | viewed 10,111 times

  After already writing about Indiana Jones this week, and kicking off this post with an homage to The A-Team’s Hannibal (George Peppard, of course), you…