OPEC seals the deal but what about implementation?
CNBC
December 1, 2016
It remains to be seen whether OPEC's output cut will be actually implemented, says ClipperData's Matt Smith.
OPEC raises the white flag in battle with the US
CNN Money
December 1, 2016

"OPEC realized they're facing an impossible battle -- and instead has retreated," said Matt Smith, director of commodity research at Clipper Data.

Ultimately, OPEC decided the financial pain inflicted by the collapse of crude trumped the benefits of continuing to push out producers like the U.S. that tend to need higher prices.

"OPEC hasn't been able to slay the dragon that is the U.S. shale boom," Smith said.

Oil posts 9% gain as OPEC agrees to cut output for first time in 8 years
Morningstar
December 1, 2016
If the deal is implemented, "this will have a swift and significant material impact on the global market balance," said Matthew Smith, director of commodity research at ClipperData. "This is a huge 'if', however."
OPEC's Big Three Battle For Market Share Through The Bitter End
CNBC
November 21, 2016
"They're clawing some of that market share from others, but they're also helping to fill that gap of increasing demand," said Matt Smith, director of commodity research at ClipperData.
Oil ends at 1-week high as Trump presidential win lifts risk assets
MarketWatch: The Wall Street Journal
November 9, 2016
“After a hat-tip was given by last night’s API report to a build to crude inventories, a draw to the products, his morning’s EIA report was fairly pedestrian,” said Matt Smith, head of commodities research at ClipperData. “Refinery runs increased, as is the seasonal trend, continuing to climb out of refinery maintenance.”
The Wave of Imports Crushing The Market
Wall Street Journal
November 3, 2016
ClipperData, which tracks ships and U.S. customs data, said the EIA has simply been reporting lower amounts of imports than customs data recorded in mid-October. Both the EIA and ClipperData show a total storage addition over the last three weeks of about 8.5 million barrels. It’s just that ClipperData’s count spread additions over all three weeks, while EIA showed storage drawdowns for two weeks before one giant addition.
After Pledging Cuts, OPEC Countries Pump record Amounts of Oil
Wall Street Journal
November 8, 2016
ClipperData, which tracks oil ships, shows a record 48.4 million barrels a day of seaborne exports in October, up nearly 13% from a year ago. That is likely to keep markets glutted and stockpiles bloated as buyers receive those cargoes in the weeks to come, analysts said.
Oil ends up, OPEC cut commitments assuage lingering doubts
Reuters
October 27, 2016
"Another day, another market being pushed and prodded around by OPEC rhetoric," said Matt Smith, director of commodity research at energy data provider ClipperData.
The Curious Case of Rising US Imports
Financial Times
September 12, 2016
Light crude from the Eagle Ford shale region is being exported via the port of Corpus Christi, while a crude blend from the central US, known as “Domestic Sweet,” has been shipped out via Beaumont in the state’s south-east, says Abudi Zein, chief executive of ClipperData, an energy intelligence service.
Large Gasoline Draw Expected - Oil Markets Daily
Seeking Alpha
August 9, 2016
ClipperData has been particularly accurate in the past as they track shipping traffic in and out of ports. We have always found ClipperData to be a highly credible source. In addition to the sub 5 million b/d import figure, ClipperData also expects the largest inventory draw this year.
Iran's oil exports have tripled since late 2015
CNN Money
June 16, 2016
One-third of Iran's crude has been shipped to China this year, according to ClipperData. That makes sense as China has used the low-price environment as an opportunity to stockpile oil for a rainy day. Iran's other top destinations include India, South Korea and Japan.
U.S. stocks rise, bond yields fall, oil hits 2016 high
Reuters
April 27, 2016

Wall Street stocks edged up, U.S Treasury debt yields fell, and oil prices rose to the highest level of the year on Wednesday after the Federal Reserve signaled it was in no hurry to change policy.

Oil companies lose whopping $67 billion
CNN Money
April 26, 2016

The crash in crude oil prices caused a stunning $67 billion in combined losses by 40 publicly-traded U.S. oil producers last year, according Energy Information Administration research.

Despite Shale Glut, U.S. Imports More Foreign Oil
Wall Street Journal
May 3, 2016

Market disruptions and overseas storage that is at or near capacity have pushed crude imports up 20% from a year ago.

ClipperData: Oil prices ought to be lower
CNBC Asia
April 25, 2016

Oil prices have been driven higher by sentiment, not fundamentals, but there are now tentative signs of supply tightening, says Matt Smith from ClipperData.

On a positive lead from Wall Street, oil steadied
Sydney Morning Herald
April 19, 2016

Local shares are poised to rally, on a positive lead from Wall Street. Oil steadied. Iron ore advanced.

Hess exports cargo of Bakken crude
Argus
April 18, 2016

US independent oil company Hess exported a cargo of Bakken crude to a refinery in Europe.

Wheels in motion for production balance: Oil expert
CNBC
April 16, 2016

Matt Smith, ClipperData, provides his outlook on oil as tensions rise among oil producers after Doha talks resulted in no deal.

Hurricanes don’t jolt natural gas market like they used to
MarketWatch
April 15, 2016

Do you remember the last time an Atlantic hurricane forecast really moved the natural-gas market? It’s been years—thanks to the growth in shale-gas production.

ClipperData Drills into US Oil Well Production
Waters Technology
April 2, 2016

Modeling the output of individual oil wells allows the vendor to project US-wide oil production statistics.

Weak global market drives LNG cargoes to New England
SNL
April 1, 2016

LNG shipments to New England dropped versus the prior winter but still continued at a healthy rate in spite of a mild winter and low spot natural gas prices as the global market continued to drive cargoes to the region.

Reach Out (WTI’ll Be There) – Gulf Coast Waterborne Crude Flows Adjust To A New World
RBN Energy
April 1, 2016

Waterborne crude volumes (including imports) delivered to coastal refineries in Texas, Louisiana and Mississippi by domestic producers peaked at 27% of inputs in 2014 as regional plants processed increasing quantities of shale crude.

The U.S. Is a Big Oil Importer Again
Bloomberg
March 31, 2016

In the three months since the U.S. lifted its 40-year ban on crude oil exports, a curious thing has happened. Rather than flooding global markets, U.S. crude shipments to foreign buyers have stalled.

Oil settles flat, far off day’s highs; U.S. build weighs
Reuters
March 30, 2016

Oil prices settled steady on Wednesday, erasing most of the day's gains, after U.S. government data showed crude inventories at all-time peaks again despite strong refinery runs.

India to OPEC: We’ll take that extra oil you’re pumping
CNN Money
March 29, 2016

The country's lightning-fast growth rate is fueling increased demand for crude. Yet India doesn't pump much oil at home, forcing it to rely on foreign imports.

US oil shipments ease despite demise of export ban
Financial Times
March 23, 2016

The US government abolished 40-year-old constraints on crude oil exports in December. But since that historic move, less — not more — American oil has been put on ships headed abroad.

Oil futures rise as commodity rally holds
CNBC
March 22, 2016

Oil prices were mixed on Tuesday as shares on Wall Street pared losses and the euro recovered against the dollar after deadly blasts in Brussels prompted an initial flight from risk.

Saudis to take control of largest U.S. refinery
CNN Money
March 21, 2016

The crown jewel among America's oil refiners may soon be owned by Saudi Arabia.

Oil at 2016 high, U.S. crude above $40 on output freeze hopes
Reuters
March 18, 2016

Oil prices hit 2016 highs on Thursday, with U.S. crude surging 5 percent to pierce the $40 barrier, on optimism that major producers will strike an output freeze deal next month amid rising crude exports and gasoline demand in the United States.

Oil rallies, lifts stocks while euro stays steady
Reuters
March 09, 2016

Oil prices resumed a more than month-long rally on Wednesday, helping to lift world stock markets, while the euro held steady ahead of this week's European Central Bank meeting.

Commodity prices buoyed by China: ClipperData
CNBC Asia
March 09, 2016

ClipperData's Matt Smith says comments out of China about potential stimulus is buoying commodity prices.

TSX rally ends on weak China data, lower oil
The Globe and Mail
March 08, 2016

World stock markets fell on Tuesday after weak data from China reignited worries about a global economic slowdown and oil prices pulled back from recent strong gains..

Bullishness On Oil Isn’t Supported By Fundamentals
Energy Fuse
March 07, 2016

In the past month, oil has seen a tentative production freeze involving almost three-quarters of the world’s producers, shale oil output falling, talk of a possible OPEC cut later this year, improved macroeconomic data and fewer fears of a recession, and China soaking up barrels for its Strategic Petroleum Reserve.

Saudi Arabia is trying to steal Iran’s biggest oil customer: China
CNN Money
March 02, 2016

Saudi shipments of oil into China jumped by 36% in February to the highest level in at least three years, according to ClipperData, a firm that tracks global crude shipments.

Oasis Petroleum Stock Gains as Oil Prices Climb
The Street
February 29, 2016

Oil prices are rising after Baker Hughes (BHI) data showed that the number of U.S. oil rigs operating declined by 13 rigs to 400 rigs last week.

Oil prices dive on Iran sanctions fallout
CNN Money
January 18, 2016

Crude oil prices dropped below $29 a barrel on Sunday evening as investors brace for Iran’s return to global oil markets. They bounced back a bit on Monday.

Is the oil crash over?
CNN Money
February 29, 2016

Investors around the world freaked out when oil prices plummeted to a 13-year low of $26.05 a barrel on February 11. But they are now sitting at $34 a barrel, marking an incredible 30% spike in the span of just 11 trading days.

Saudis pumping out oil like crazy
CNBC
February 25, 2016

Matt Smith, ClipperData, weighs in on what's likely driving the oil glut and the politics behind the OPEC story.

Oil Prices Drop on Oversupply Worries
Wall Street Journal
March 15, 2016

Oil prices retreated Tuesday and a month long rally is faltering as traders return their focus to a heavy oversupply in storage.

Oil slumps 4% as Saudi Arabia reaffirms no output cut
Channel News Asia
February 23, 2016

Oil prices slumped on Tuesday after OPEC kingpin Saudi Arabia's oil minister reaffirmed opposition to a production cut to address global oversupply, expressing hope only for an output freeze next month.

Crude drops as Saudi oil minister shatters hope for producer cuts
Morningstar
February 23, 2016

Crude futures settled with a sharp loss on Tuesday after Saudi Arabia's oil minister, Ali al-Naimi, shattered any hopes that producers would cut back on output to help alleviate the world's excess supplies.

Oil Rallies on IEA Report
Nasdaq
February 22, 2016

Oil prices surged Monday on expectations of an accelerated decline in U.S. oil production.

ClipperData: Oil output freeze is moot
CNBC Asia
February 17, 2016

ClipperData's Matt Smith explains why the Saudi Arabian-Russian proposal to freeze production is not a game changer

Oil prices rise temporarily on talk of output cut
The Guardian
February 16, 2016

Oil prices surged temporarily on Tuesday, reaching their highest levels in more than a week after Russia and Saudi Arabia provided the markets with hope of an eventual deal to tackle a deep supply glut.

OPEC Willingness to Talk Cuts Either “Poppycock” or Evidence That “Hell Froze Over”
Ship & Bunker
February 15, 2016

Despite the resurgence of oil prices that saw 12 percent gains on Friday following claims that the Organization of the Petroleum Exporting Countries (OPEC) is close to discussing cuts with non members, analysts warn that the rebound is based on "false hope."

Oil surges by more than 12%, but still falls for the week
Marketwatch
February 12, 2016

Oil futures enjoyed their best one-day rally on Friday. West Texas Intermediate crude jumped more than 12% as a major oil producer again raised the possibility of a coordinated cut in crude output.

U.S. crude oil inventories fall unexpectedly as imports slump
Reuters
February 10, 2016

U.S. crude prices fell 2 per cent on Wednesday after stockpiles at the main U.S. delivery point hit record highs, while Brent rose for the first time in five days after Russia suggested oil producers cut output by a million barrels each.

Oil-rich Venezuela is now importing U.S. oil
CNN Money
February 3, 2016

A ship carrying half a million barrels of oil that was pumped in the U.S. docked at a terminal owned by Venezuela last week, according to oil data research firm ClipperData.

America Supplies OPEC With Oil Freed From 40-Year Export Ban
Bloomberg
February 2, 2016

Petroleos de Venezuela SA received a cargo of West Texas Intermediate crude at the end of January at a terminal on the island of Curacao, where PDVSA operates a refinery.

After 40-year ban, U.S. starts exporting crude oil
CNN Money
January 29, 2016

Just weeks after Congress lifted the 40-year ban on exporting oil, the first shipments of the black stuff left U.S. ports for Europe.

Talk of OPEC oil-producer ‘cease-fire’ met with skepticism
Marketwatch
January 26, 2016

For major oil producers, it has been all about talk and no action when it comes to stemming the plunge in crude prices.

Trading houses get creative in exporting US oil
FT
January 25, 2016

Two tankers of US oil arrived in Europe last week, delivering the first cargoes allowed since Washington repealed a decades-old ban on exporting crude. With two more vessels now crossing the Atlantic, oil market watchers have a simple question: why?

Oil prices will get worse before they get better
CNBC
January 13, 2016

After US crude prices broke below $30 per barrel for the first time in 15 years, the market is asking how low oil futures can go? Most analyses see it rebounding in the back half of 2016, but crude faces significant headwinds in the coming months, experts told CNBC.

Today was a wild day for the oil market
Bloomberg Business
January 11, 2016

Crude oil is getting slammed on Monday, with front-month contracts for Brent and West Texas Intermediate each down more than 6 percent at their lows for the day. Meanwhile, Western Canadian Select, a heavier blend of crude, is trading at $16.32 per barrel.

Oil trains sidelined by deepening slump in US shale
FT
January 11, 2016

The amount of oil hauled on US railways has declined steeply in the past year as refineries swallow more foreign supplies in the face of falling domestic crude output.

Find Me A Home – Where U.S. Crude Would Move Next If The Economics Were Right
RBN Energy
January 7, 2016

The race to load the first freely exported U.S. crude cargo was won by NuStar’s Corpus Christi terminal, edging out Enterprise’s Houston terminal, as the Theo T set sail for Italy on New Year’s Eve with Eagle Ford crude and condensate on board.

Producers near victory on oil exports
Houston Chronicle
December 16, 2015

The end of U.S. oil's four-decade isolation from global markets was in sight Wednesday, as congressional leaders negotiated a $1.1 trillion spending deal that included a provision to lift the ban on sending American crude abroad.

Oil Prices Fall for Fourth Straight Day
Wall Street Journal
December 9, 2015

Oil prices fell for the fourth day in a row on Wednesday as traders’ focus shifted to growing inventories of refined products.

Despite Global Events, U.S. Gasoline Prices Remain Low
New York Times
November 25, 2015

American travelers are being treated to bargains at the gasoline pump this Thanksgiving weekend. Prices are at their lowest level for the holiday since the financial crisis of 2008 despite heightened tensions in the Middle East and a spate of terrorist attacks that would normally lead to higher prices.

Epic oil glut sparks super tanker ‘traffic jams’ at sea
CNN Money
November 22, 2015

It's no secret that a massive supply glut has caused global oil prices to crash this year. Ferocious production from OPEC and near-record U.S. output is adding to sky-high oil inventories around the world.

Oil Tanker Traffic Jam Off Texas Is Viewed as Sign of Oversupply
New York Times
November 11, 2015

A traffic jam of oil tankers, with more than 20 million barrels of crude, has emerged along the Texas coast this month, a snarl that some traders see as the latest sign of an unyielding global supply glut.

Tanker activity shows global crude market is saturated
Fuelfix
October 20, 2015

Back in the spring, oil prices plunged to 7-year lows amid fears that US inventories were going to fill to the brim. As we all know now, that didn’t happen – although they did peak at a mighty 490 million barrels.

Oil tumbles; large gasoline build trumps U.S crude draw
Reuters
September 11, 2015

Global oil markets tumbled on Wednesday, with U.S. crude futures settling down 4 percent after bullish impact from lower crude inventories was offset by large gasoline builds that raised concerns about high autumn fuel supplies.

Stairway to Houston – Crude Oil Quality And Condensate Logistics Challenges
RBN Energy
August 12, 2015

Crude oil distribution to Houston area refineries is still being re-plumbed to reflect the ongoing transition to domestic supply. Although plenty of new pipelines provide access for new crude flows into Houston, logistic challenges arise from a crude quality mismatch with refinery configurations.

Oil Prices Hit 6-Month Low
Time
August 3, 2015

"Economic weakness has set the tone," said Matt Smith, director of commodity research at ClipperData, a New York-based energy database.

‘Three Stooges’ of sentiment fuel weekly oil drop
Marketwatch
July 11, 2015

Oil futures settled with a slight decline on Friday, dropping more than 7% for the week, as what one analyst called “The Three Stooges of market sentiment”—Greece, Iran and China—continued to stir trading.

Down To The River – Crude Inland Barge Traffic Tumbles As Differentials Narrow
RBN Energy
July 7, 2015

Data from the Energy Information Administration (EIA) shows that inland barge movements between the U.S. Midwest and the Gulf Coast increased 10 fold between January 2011 and October 2013 to nearly 160 Mb/d in response to soaring crude production and pipeline congestion.

Oil market throws cold water on US export ban push
Financial Times
July 6, 2015

A handful of US senators last month sent a letter warning President Barack Obama that lifting America’s 40-year-old ban on exports of crude oil could “harm businesses, consumers and our national security”.

U.S. light oil exports double in May, mostly to Europe
Reuters
June 29, 2015

U.S. exports of ultra-light crude, also known as condensate, have doubled since the start of the year, with most shipments headed to Europe, according to traders familiar with the deals and data from an energy consultant.

Oil Prices Fall After Inventory Data
Wall Street Journal
June 24, 2015

Oil prices declined Wednesday after data showed that crude-oil supplies shrank last week but inventories of refined products rose.

Oil Markets Higher on Weaker Dollar
Wall Street Journal
June 18, 2015

Oil prices made small gains Thursday on the back of a weaker dollar and data that suggests a decrease in crude at a key U.S. storage hub.

More Eagle Ford condensate exported than crude
Wall Street Journal
June 2, 2015

More condensate is being exported from the Eagle Ford shale in Texas than crude, according to data collection firm ClipperData.

Oil Gains on U.S. Stockpile Report But Ends Below Day’s High
Wall Street Journal
May 6, 2015

Oil prices spiked in a volatile session Wednesday as weekly data showed U.S. stockpiles fell for the first time this year, but the market gave back much of its gains amid a continued bearish backdrop.

Mitsubishi affiliate exports condensate from Texas
Reuters
April 29, 2015

A Texas-based affiliate of Mitsubishi Corp has exported the first condensate cargo from Texas International Terminals in Galveston, Texas, industry firm ClipperData said, as shippers increasingly find more berths from which to move the super-light U.S. oil to international markets.

World’s energy markets stuck as China ‘rebalances’ its economy
E&E Publishing, LLC
April 28, 2015

U.S. coal and oil companies have enough on their minds trying to cut costs, protect cash flows and placate investors who keep glancing at the exits.

A risky cargo on the Hudson River
The New York World
April 27, 2015

A pair of oil barges idling at the Port of Albany loomed over the waterfront recently, dwarfing two tugboats and a flock of seagulls that floated by on the Hudson River.

BP, Shell ship Canada crude cargoes from Texas to Europe
Reuters
April 20, 2015

BP Plc and Royal Dutch Shell each have shipped cargoes of Canadian crude oil out of the Texas coast this month, according to industry firm ClipperData, highlighting a once-rare journey that is expected to become more common.