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Matt Smith

Matt Smith is the director of commodity research at ClipperData.

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Targeting the insurance side of things is the best shot at halting Russian crude flows instead of just redirecting them.

– Matt Smith

Found on CNN 2 years ago

Fast forward three months after the start of the war, and Russian crude exports are still continuing apace, they're just being rerouted and finding new homes.

– Matt Smith

Found on CNN 2 years ago

It's a case of just trying to keep the lights on, this is essentially creating demand that typically isn't there.

– Matt Smith

Found on CNN 3 years ago

Dissent in the ranks highlights how fractious relations are within the group, uAE is looking after its own interests, rather than toeing the line of core OPEC.

– Matt Smith

Found on CNN 3 years ago

OPEC + would be prudent to tap into its vast spare capacity and bring stability to the oil market.

– Matt Smith

Found on CNN 3 years ago

Matt Smith shale producers are continuing to show discipline in terms of their spending and drilling activity, something we haven't seen previously.

– Matt Smith

Found on CNN 3 years ago

With the Qataris adding more capacity at a very cheap cost, it does not make financial sense for U.S. companies to be building greenfield projects.

– Matt Smith

Found on Reuters 3 years ago

A significant drop in implied demand over the holiday week has resulted in solid builds to both gasoline and distillate inventories, tilting the report bearish on the whole.

– Matt Smith

Found on Reuters 4 years ago

We will be rapidly seeking expressions of interest and expect to identify one or more buyers to ensure the future success of the businesses.

– Matt Smith

Found on Reuters 4 years ago

This is simply related to terminal congestion. They've got so much coming in that they can't bring it onshore quickly enough.

– Matt Smith

Found on CNN 4 years ago

China went on a global buying binge, there is just this deluge of crude building up offshore.

– Matt Smith

Found on CNN 4 years ago

This will stabilize things a bit. It will slow the bloodletting, but it's absolutely not enough to rebalance the market.

– Matt Smith

Found on CNN 4 years ago

These guys were already in pain. Now we are going to start to see bankruptcies, perhaps widespread.

– Matt Smith

Found on CNN 4 years ago

This is a response to try to cripple the Matt Smith shale industry.

– Matt Smith

Found on CNN 4 years ago

The signal is Saudi Arabia is looking to open the spigots and fight for market share, saudi is rolling up its sleeves for a price war.

– Matt Smith

Found on CNN 4 years ago

A triumvirate of bearish builds in the weekly EIA reports is adding momentum to crude's overnight price reversal as fears of escalating tension are unwound.

– Matt Smith

Found on Reuters 4 years ago

It comes as no surprise that there has been a reprisal from Iran — the concern is that this is just the sign of things to come.

– Matt Smith

Found on CNN 4 years ago

This is a knee-jerk reaction given that Bolton has been so adversarial with Iran, with his removal, there is an expectation there won't be as much vehemence in the tit-for-tat with Iran.

– Matt Smith

Found on CNN 5 years ago

There are signs of demand slowing. The economic backdrop is still kind of weak.

– Matt Smith

Found on CNN 5 years ago

Any bearish news like this is helping to spur on a strong sell off.

– Matt Smith

Found on CNN 5 years ago

Saudi Arabia is holding back flows.

– Matt Smith

Found on CNN 5 years ago

It's surprising Donald Trump hasn't tweeted anything yet. Everyone is waiting for that.

– Matt Smith

Found on CNN 5 years ago

Saudi Arabia-led OPEC is going to be very wary about unwinding these production cuts too soon.

– Matt Smith

Found on CNN 5 years ago

The positive sentiment from OPEC's cuts is outweighing the bearish impact of the Matt Smith shale boom, they are working.

– Matt Smith

Found on CNN 5 years ago

They're scrambling to find buyers for their crude.

– Matt Smith

Found on CNN 5 years ago

That's where they get the most bang for the buck.

– Matt Smith

Found on CNN 5 years ago

United States will be hurting United States if United States does put these sanctions on Venezuela.

– Matt Smith

Found on CNN 5 years ago

In times of crises, all assets correlate, crude has gotten caught up in the flight from equities.

– Matt Smith

Found on CNN 6 years ago

If you are a producer in Texas, you have to be happy with the fact that there is a swing supplier in the market that wants to keep prices supported.

– Matt Smith

Found on CNN 6 years ago

China has been able to find willing sellers closer to its own backyard.

– Matt Smith

Found on CNN 6 years ago

After hitting that $80 level, which is a psychological level, we were seeing a little bit of a pull-back yesterday, and then rhetoric out of Saudi and Russia has only exacerbated the sell-off today.

– Matt Smith

Found on Reuters 6 years ago

Claire Foy is one of my best friends, and I believe that we should be paid equally and fairly and there should be equality for all, i support Claire Foy completely, and I'm pleased that it was resolved and they made amends for it because that what's needed to happen.

– Matt Smith

Found on CNN 6 years ago

I feel sorry for her, it’s such a transition in her life, and it’s such a huge thing to take on. Life as she knows it is gone. But hey, she’s marrying the prince of Britain — how exciting for her.

– Matt Smith

Found on FOX News 6 years ago

A drop in refinery utilization in combination with super-strong imports helped to stymie the draw to crude.

– Matt Smith

Found on Reuters 8 years ago

The fundamental weakness in gasoline markets is being exemplified by the RBOB crack spread, which is closing in on levels which would encourage refiners to dial back on runs.

– Matt Smith

Found on Reuters 8 years ago

Exports for the three nations are averaging more than 2.3 million barrels per day higher through May year-to-date compared to the same period last year.

– Matt Smith

Found on Reuters 8 years ago

Bullish momentum from a technical perspective, in cahoots with dovish Fed rhetoric, has this market on fire again despite the crude inventories we're seeing.

– Matt Smith

Found on Reuters 8 years ago

A drop in refinery utilization helped to offset lower imports, leading to a solid build to crude inventories, despite lower refinery runs, gasoline stocks still showed a build, with throughput edging lower on the prior week.

– Matt Smith

Found on Reuters 8 years ago

Distillates are the standout bullish element of the report and gasoline is the disappointment, distillate throughput jumped last week, meaning demand is only down 0.7 percent on the 4-week moving average.

– Matt Smith

Found on Reuters 8 years ago

Gasoline is the star of the show today, ongoing strength in demand has yielded a large draw to gasoline inventories despite a rebound in refinery runs.

– Matt Smith

Found on Reuters 8 years ago

Geopolitical tension presents the greatest upside risk to the crude market, at least through the first half of the year.

– Matt Smith

Found on Reuters 8 years ago

It's a well-supplied market when refinery utilization rebounds by 2.5 percent, and we still see a solid build in crude inventories.

– Matt Smith