Matt Smith

Latest articles from Matt

• Expect Strong Crude Draws As Refineries Recover

  Published 28 September 2017 | viewed 9,153 times

  It is now a little over a month after Hurricane Harvey made landfall on the US Gulf Coast. While some refineries are still in the…

• This Crude Oil Benchmark Just Rallied To A Three-Year High

  Published 27 September 2017 | viewed 9,136 times

  Oman is the largest oil producer in the Middle East that is not a member of OPEC. It is also part of the OPEC /…

• Oil Pares Gains After Soaring To 2-Year Highs

  Published 26 September 2017 | viewed 7,562 times

  Brent crude prices were propelled to a two-year high yesterday, triggered by concerns about a Kurdish referendum vote to seek independence from Iraq. Although the…

• U.S. Gulf Coast Refiners Are Bouncing Back

  Published 15 September 2017 | viewed 7,408 times

  Nearly twenty days (or over 450 hours) after Hurricane Harvey made landfall between Port Aransas and Port O'Connor in Texas, there are a number of…

• Is OPEC Throwing In The Towel On U.S. Market Share?

  Published 23 August 2017 | viewed 11,975 times

  Oil prices are rallying post-EIA report as today's crude draw was joined by a drop in gasoline inventories. Although waterborne imports were strong last week,…

• Strong Crude Inventory Draws Keep Markets On Edge

  Published 15 August 2017 | viewed 13,037 times

  After trying to grab ahold of the fifty dollar handle, WTI has lost its grip and is sliding lower in the forty dollardom once more.…

• Oil Prices Rise As Saudi Arabia Attacks The Glut

  Published 28 July 2017 | viewed 13,715 times

  Back in late May, Saudi Oil Minister Khalid Al-Falih said that 'exports to the U.S. will drop measurably', as the OPEC Kingpin adjusted its focus…

• Oil Prices Inch Higher Despite Rising Saudi Exports

  Published 14 July 2017 | viewed 8,757 times

  We've had more energy-related newsflow than we can shake a stick at this week, but as we head into the weekend, hark, here is a…

• Oil Prices Tank As OPEC Exports Surge

  Published 07 July 2017 | viewed 20,596 times

  Six months after the implementation of the OPEC production cut deal to reduce output by 1.2 million barrels per day, and we should be well…

• Oil Prices Inch Higher As OPEC Exports To U.S. Crude Fall

  Published 28 June 2017 | viewed 18,730 times

  Earlier in the week we discussed how lower Saudi export loadings in April are translating into lower arrivals on U.S. shores this month. This has…

• Oil Prices Inch Higher As Saudi Crude Oil Loadings Drop

  Published 26 June 2017 | viewed 19,322 times

  We discussed back in early May how Saudi Arabian crude export loadings in April had dropped materially. Given the journey time to US shores (hark, seven-ish weeks),…

• Oil Markets Unshaken By Rising Geopolitical Tensions

  Published 06 June 2017 | viewed 9,912 times

  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…

• Oil Prices Retreat As U.S. Abandons Paris Climate Agreement

  Published 02 June 2017 | viewed 10,615 times

  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…

• Falling OPEC Exports Create Upside For Oil Prices

  Published 26 May 2017 | viewed 14,718 times

  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…

• Oil Prices Slip On OPEC Deal Disappointment

  Published 25 May 2017 | viewed 31,111 times

  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…

• OPEC Optimism Lifts Oil Prices To One-Month High

  Published 23 May 2017 | viewed 9,274 times

  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…

• Oil Rallies Higher, Undeterred By ‘Surprise Surge’ In U.S. Production

  Published 11 May 2017 | viewed 10,524 times

  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…

• Oil Prices Jump On Bullish Inventory Data, Saudi Export Cuts

  Published 10 May 2017 | viewed 16,414 times

  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…

• What Mexico’s Falling Exports Mean For Oil Prices

  Published 02 May 2017 | viewed 15,828 times

  Oil prices are unable to get up off the canvas, as signs of global market rebalancing continue to be errant. With the first weekly EIA…

• Oil Prices Head Lower As Libyan Production Rebounds

  Published 01 May 2017 | viewed 12,387 times

  Oil prices are heading lower as we jump into the fifth month of the year, amid concerns from a mixed bag of global economic data…