AgriTalk PM: March 25, 2019
March 25, 2019
Ken Smithmier joins AgriTalk to discuss soybean imports and exports, trade flows and trade wars, and the impact of  flooding in the corn belt. 
Futures: 03/22/19
March 22, 2019
ClipperData Grains Analyst, Ken Smithmier, talks to TD Ameritrade about corn, soybeans wheat, and the impact of corn belt flooding for U.S. farmers. 
Frackers Bet on New Terminals to Boost Oil
As pipeline bottlenecks crimp the U.S. shale boom, some companies are racing to address the next potential constraint on American oil output: the terminals to export crude to foreign markets.
US oil is trickling back into China after export boom goes bust
February 27, 2019
The ongoing U.S.-China trade dispute stopped a surge in American oil exports to the Middle Kingdom, but as Washington and Beijing inch toward a deal, a trickle of U.S. crude appears to be making its way to Chinese shores.
Texas Oil Production Is High, So Why Are Gas Prices On The Rise, Too?
February 25, 2019
Last week, prices at Texas gas pump spiked by 14 cents on average — the highest weekly average in about two years. At a time when the headlines are full of news about plentiful oil in the Permian Basin, shouldn’t gasoline prices in Texas be on the decline?
China’s Appetite for Soybeans is Complex
February 25, 2019
During President Donald Trump’s latest round of trade talks with China’s Vice Premier Liu He in the Oval Office, a simple handshake caused quite the stir. As the two grasped hands, the vice premier was overheard saying China would commit to buying 5 million metric tons (mmt) of soybeans a day from the U.S., a statement that caused Trump to perk up. However, the comment was lost in translation, and the White House later clarified China committed to a one-time purchase of 5 mmt of soybeans. While the big sale isn’t on the books yet and commodity markets so far seem unimpressed by the buys, China continues to purchase at least some U.S. soybeans.
Why US refiners want 'heavy' oil and how that demand might affect markets
February 20, 2019

Matt Smith, director of commodity research at ClipperData, joins "Squawk Box" to discuss the state of the oil sector and how he anticipates supply and demand with change in the coming years.

 
USA: les importations de brut au plus bas depuis 1997, les stocks montent
February 14, 2019
Les importations de pétrole brut aux Etats-Unis ont chuté la semaine dernière à leur plus bas niveau depuis 1997 en raison notamment d'un plongeon des cargaisons en provenance du Venezuela, cible de sanctions américaines depuis fin janvier, selon l'Agence américaine d'information sur l'Energie (EIA).
Oil Climbs Despite Rising U.S. Crude Inventories
Crude
February 13, 2019
• Oil prices rose Wednesday as investors shrugged off a report showing U.S. crude-oil inventories are at a 15-month high and focused more on rising U.S. stocks and optimism over U.S.-China trade talks.
Oil prices fail to rally as global supply expected to swamp demand
February 13, 2019
Matt Smith, director of commodity research at Clipper Data, joins "Squawk Box" to break down the state of the crude sector amid turmoil in oil-rich areas such as Iran, Saudi Arabia and Venezuela.
U.S. Shale Production Is Just One Reason For A Drop In Oil Imports Coming Into The Gulf
February 11, 2019
The shale boom in West Texas is having some effect on how much oil comes into the U.S., but there’s also the crisis in Venezuela and OPEC production cuts.
Oil prices lower as inventory build only modest
February 7, 2019
Crude oil prices on Thursday showed a softer outlook with investors concerned about the direction of the global economy, and following only limited support after the latest United States inventory report showed a modest build.
Chinese soybean demand forecasts could be grossly overstated: ClipperData
February 5, 2019
China has made another round of purchases of U.S. soybeans, but Ken Smithmier, Director of research for agricultural data at ClipperData, says there isn't yet enough to indicate that Chinese demand for U.S. soybeans is enough for farmers to unload inventory.
Is China Really Buying 10 MMT of U.S. Soybeans?
February 4, 2019
While China said it would buy another 5 million metric tons of U-S soybeans, in addition to the previously reported 5 million, current shipments of U.S. soybeans to China fall well short of the 10 million metric ton mark.
Oil Hits Two-Month High on Venezuela Turmoil, U.S. Supplies
January 31, 2019
U.S. oil prices jumped to a two-month high Wednesday due to Venezuela’s continuing political crisis and a weekly report that showed U.S. inventories of gasoline fell for the first time in nine weeks as demand picked up.
How The US, Russia And China Are All Intertwined In Venezuela’s Economic Crisis
Venezuela
January 28, 2019
The U.S. has a lot to lose if its political and economic relationships with Venezuela deteriorates, especially because other world powers also have large stakes in Venezuela’s oil business.
Trump steps up Maduro pressure with sanctions against Venezuelan oil giant
January 28, 2019
The Trump administration has tightened the screws on Venezuela's embattled president, Nicolás Maduro, announcing sanctions against the country’s state-owned oil giant PDVSA in what the US national security adviser admitted was partly an attempt to counter strategic threats from Cuba and Iran.
U.S. Oil Prices Get Boost From Venezuelan Political Crisis
January 25, 2019
U.S. oil prices rose Thursday as a political crisis in Venezuela and possibly more U.S. sanctions threatened to cut the OPEC member’s oil exports, which are used extensively by some refiners in the U.S.
Natural Gas Is Finally Calming Down. Here’s How to Play the Market.
January 25, 2019
Roughly halfway through the winter heating season, the volatility in natural-gas futures that has rattled the market for two months may finally be subsiding.

“Barring weather surprises, volatility is likely to die down as we shuffle into spring, with prices settling back into their prior range around $3” per million British thermal units."
Oil benchmarks split paths as traders eye U.S. stock pile surge, political crisis in Venezuela
January 24, 2019
Oil futures split paths on Thursday, with U.S. prices settling higher and the global benchmark logging a slight loss as traders reacted to a weekly surge in U.S. crude stockpiles and the possibility of U.S. sanctions on Venezuelan crude amid intensifying political tensions in the South American nation.
The impact of potential US oil sanctions on Venezuela
January 23, 2019
Matt Smith of ClipperData explains why there would be "huge implications" if the U.S. decides to impose sanctions on Venezuela's oil exports.
Tankers on fire in Crimea linked to breach of US sanctions on Russia
January 22, 2019
ClipperData, a US-based vessel and cargo-tracking company that provides data to the shipping and commodity industries, said the Candy had loaded 30,000 barrels of LPG, which is commonly used for cooking and heating, from the Russian port of Temryukskiy, on January 20, before it set sail with a reported destination of Lebanon.
Venezuela on the Edge
January 21, 2019
Venezuela is coping with fuel shortages and declining exports during its struggle to prop up its ailing energy sector.
Tanker loadings spell volatility for LOOP storage
January 18, 2019

The Louisiana Offshore Oil Port holds the enviable title as the only US facility capable of fully loading a supertanker with crude.

US crude exports have boomed since legal restrictions on exports were lifted in late 2015. The supply of light, sweet crude far exceeds the demand by domestic refiners, many of which were configured to run on heavy, sour barrels.

Oil Prices Led Lower by Rising U.S. Production, Inventories
January 17, 2019

Crude prices fell early Thursday despite an OPEC report confirming a significant output cut because of bearishness related to rising U.S. oil production and inventories.

China's soybean imports show American farmers have more to fear than the trade war
January 17. 2019

China's soybean imports in the opening weeks of 2019 have plunged from recent years, raising concerns for American farmers who were hoping that a trade deal would offer swift relief.

Soybean shipments offloaded in China this year are down about 37 percent from the first two weeks of 2018, according to tanker-tracking firm ClipperData. 

Oil Prices Edge Higher on Rising U.S. Stocks
January 16, 2019
Oil prices edged higher Wednesday on the back of rising U.S. stock markets and despite a bearish weekly report that showed U.S. gasoline inventories are at their highest level in nearly two years amid declining demand.
ClipperData LLC Releases GeopoliticOIL, A New Weekly Publication Analyzing Politics, Policy And Trends Impacting The Global Energy Market
January 15, 2019

NEW YORK, Jan. 15, 2019 /PRNewswire/ -- ClipperData, LLC — a global leader in crude oil and petroleum product cargo tracking — announces the release of GeopoliticOIL, its new weekly geopolitical publication. The digital, subscription-based publication offers readers a succinct analysis of the political and macroeconomic developments affecting energy markets.

Designed to deliver exclusive and in-depth insights into the external factors driving market direction, GeopoliticOIL aims to help readers gain a deeper understanding of political and military developments in the Middle East, West Africa, Latin America and Russia that could impact the production and transportation of crude and oil products.

How AMLO’s Crack Down On Black Market Gasoline Has Spurred A Shortage In Mexico
January 14, 2019

Like Texas, our neighbor south of the border is what you might consider to be oil-rich. Yet as gasoline prices continue to fall here in Texas, there are reports of a critical gasoline shortage in Mexico, fueling long lines at the pump. Some say this has to do, in part, with Mexico’s new president, Andrés Manuel López Obrador, or AMLO. Matt Smith, director of commodity research at ClipperData, says AMLO has set out to combat fuel theft, which is having an effect on prices.

“They’ve lost billions of dollars each year, basically due to pipeline siphoning,” Smith says. “[But] the policies he’s employed … focusing on shifting products by trucks rather than pipelines has caused massive fuel shortages across the country.”

Oil prices set to end positive week on trade, weaker dollar, OPEC cuts
January 11, 2019

While slightly lower early Friday, crude oil future prices appeared set to end the week with a significant gain based on expectations of trade improvements, a weaker dollar and output cuts by OPEC.

West Texas Intermediate front-month crude futures traded at $52.29, or 0.6 percent lower, at 08:30 a.m. EST, with Brent crude trading 0.7 percent lower at $61.25 per barrel.

"Crude is running out of steam after a very strong week, following equities in turning negative," Matthew Smith, director of commodity research at ClipperData, told UPI.

Mexico Reduces U.S. Gasoline Imports
January 12, 2019

Mexico has significantly reduced imports of U.S. gasoline since President Andrés Manuel López Obrador took office Dec. 1, as a government crackdown on fuel theft has jammed up distribution and caused widespread gasoline shortages.

Seaborne gasoline imports from the U.S. Gulf Coast have averaged about 350,000 barrels a day under Mr. López Obrador, a 28% decline from December 2017 and January 2018, according to research firm ClipperData.

2019 oil market will be driven by OPEC versus U.S. shale output: ClipperData
January 3, 2019
Matt Smith, director of commodity research at ClipperData, discusses drivers of the global oil market in 2019, with BNN Bloomberg's Andrew Bell.
OPEC is cutting more oil from the market than planned, says former Saudi Aramco executive
January 3, 2019
Saudi shipments have fallen by about 1.5 million bpd in the four weeks since OPEC struck the production deal, according to tanker-tracking figures from ClipperData.
Oil prices surge more than 4%, bouncing sharply off session low
CNBC
January 2, 2019
Figures from ClipperData have shown that loadings of Saudi crude on ships bound for the United States have been falling in recent months. The Saudis have used the price-boosting strategy in the past to shrink U.S. stockpiles, the most transparent and closely watched inventories in the world.
Crude oil prices mixed as traders await EIA inventory data
December 28, 2018
Crude oil prices were mixed Friday morning with gains in West Texas Intermediate futures and a slight decline in Brent futures, as traders awaited data from the Energy Information Administration on United States inventories for future direction.

South Korea Stopped Using Condensate from Iran Before Receiving Sanctions Waivers
December 13, 2018
South Korea, the world’s leading importer of condensates, has sought alternatives to partially offset declines in imports of Iranian condensates during the past few months, particularly in light of U.S. sanctions on Iranian exports of crude oil and condensate.
Movies and Music Make Great Metaphors for a Tumultuous Year in the Energy Market
December 17, 2018
From OPEC repeatedly adjusting worldwide oil production to super-low gas prices, pop culture may be the best way to understand what went on in 2018. 
Oil Prices End Lower As U.S. Crude Supplies Post Smaller-Than-Expected Decline
December 12, 2018
Oil prices gave up earlier gains Wednesday to finish a bit lower, after U.S. government data showed domestic crude supplies declined for a second week in a row, but by much less than the market expected.
Expect Saudi Arabia to cut oil production in 2019, commodity expert says
December 12, 2018
Matt Smith, director of commodity research at Clipper Data, joins the 'Squawk Box' team to break down the latest developments in the energy market.
American Oil Refineries Are Working Harder Than Ever Before
August 14, 2018

American oil refineries are running full tilt to meet insatiable demand for gasoline and diesel at home and abroad. Refineries processed a record-high 18 million barrels of crude per day in early July, according to government statistics. Full-year refinery activity is expected to hit a record in 2018 for the second year in a row.

Saudi Arabia is No. 2 Supplier of Oil to the United States

The shale oil revolution vaulted the United States to the top of the world's production leaderboard.

But that doesn't mean it can afford to ignore Saudi Arabia's threat to retaliate against possible sanctions related to the disappearance of Washington Post journalist Jamal Khashoggi.
Uncertainty Spikes Following Iraqi Elections
OilPrice.com
May 17, 2018
Iraq’s election on May 12 has upended the political landscape in the country. The incumbent Prime Minister, Haidar Al Abadi, lost the election as voters favored Iraqi nationalist Moqtada al-Sadr, and Iran-backed Hadi al-Ameri. The result is inconclusive, and the country will have a rocky path to creating the next government.
China is wild card in Trump's decision
CNN
May 9, 2018
"China is potentially the country most likely to benefit from sanctions being placed back on Iran," said Matt Smith, director of commodity research at ClipperData.
China aims to shake up oil-futures market with own contract
MarketWatch
March 26, 2018

Seven grades of crude will be accepted for delivery under the Chinese futures contract, including Basrah Light, a Middle Eastern high-sulfur “sour” oil. China is the biggest buyer of Basrah Light, with 618,000 barrels a day delivered in 2017, with the second and third purchasers being India and the U.S., according to Matt Smith, director of commodity research at ClipperData.

“The competition with the U.S. for Basrah Light is most likely the most interesting aspect of this new futures contract,” notes Smith.

Foreign Trade Houses Grab Dominant Share of U.S. Crude Exports
The Wall Street Journal
March 24, 2018
The Wall Street Journal's lead story on global oil cites ClipperData as its source for fundamental data.
Oil Fluctuates on Inventory Data
Fox Business News
January 31, 2018
"We're seeing refinery maintenance season kicking in with a vengeance here," said Matt Smith, director of commodity research at ClipperData. "It seems like we're set for potentially some builds going forward."
ClipperData And Eqlim Combine Algorithmic Data Mining With Expert Oil Market Analysis To Improve Trading And Operational Decision-Making
Markets Insider
January 30, 2018

ClipperData LLC, the global leader in real-time crude oil and petroleum product cargo tracking, and Eqlim, a pioneer in the field of real-time risk intelligence, today announced the release of their second-generation "Impact Alerts" service.

Geopolitical tensions biggest bullish risk to oil prices
CNBC Squawk Box
January 3, 2018
Matt Smith discusses geopolitical tensions and their potential for price risk across a backdrop of a de-stocking market in balance.
ClipperData to Roll Out Cargo Box Tracking
TradeWinds News
January 25, 2018

There is a gap in the containership market calling for a maritime data provider that focuses on cargo movements, says ClipperData chief executive Abudi Zein.

The co-founder of the New York-based firm already follows cargo movement in the tanker and dry cargo sectors — and it is set to do the same in the box sector from this month.

Saudi Arabia leading the charge on cutting oil production:...
CNBC Squawk Box
November 29, 2017
Matt Smith, ClipperData director of commodity research, provides his outlook on oil production and prices. Click on the CNBC logo to watch the video.
Box Analyst Dekker Charts New Course
TradeWinds News
November 2, 2017

A leading container shipping analyst is jumping ship. Veteran boxship guru Neil Dekker has left UK shipping consultancy Drewry after more than a decade to develop container research with a company better known for research in the tanker markets.

 

He has joined ClipperData, a New York-based company that has secured a reputation for tracking movements in crude oil and petrochemical markets.

 

The US operation is understood to have recruited Dekker to its growing London operation in order to cover a wider range of markets, including container shipping and ports.

 

Dekker, a regular speaker and panellist at container shipping conferences, was director of container research at Drewry, which he joined in 2006.

ClipperData LLC Acquires Fuel Oil & Feedstock Trader Publication from Axelrod Energy Projects LLC
ClipperData Press Release
May 22, 2017

CLIPPERDATA LLC ACQUIRES FUEL OIL & FEEDSTOCK TRADER PUBLICATION FROM AXELROD ENERGY PROJECTS LLC

New offerings to integrate the industry’s best real-time data and news services to provide superior market intelligence to traders in the world fuel oil and heavy feedstock space

Athens, Greece, May 22, 2017: Lawrence Axelrod, founder and principal of Axelrod Energy Projects LCC, an international energy consulting and brokerage firm, and Abudi Zein, co-founder and CEO of ClipperData, a global leader in crude oil and petroleum product cargo tracking, announced the sale of Axelrod’s Fuel Oil & Feedstock Trader to ClipperData. Fuel Oil & Feedstock Trader provides market intelligence and analysis of the world fuel oil and heavy feedstock markets to majors, state oil firms, refiners, traders, power companies, bunker suppliers, power companies, storage companies, and investment banks around the world. The announcement was made at Axelrod’s 10th annual World Fuel Oil Summit held in Athens on May 18-20, 2017.

“We’re integrating the world’s best real-time fuel oil cargo data source with the world’s most in-depth fuel oil news coverage and analytical reporting,” says Abudi Zein of ClipperData. “Our data will underpin and enhance the news coverage, while the news gathering will help refine and direct our data collection.” For the first time, real-time tracking of cargo flows will underpin investigative reporting, news and commentary analysis. “Traders are increasingly demanding more hard data with their news,” adds Abudi Zein, “This acquisition will be good news for traders wanting more actionable market intelligence.”

The sale of Fuel Oil & Feedstock Trader will permit Axelrod Energy Projects to focus on the firm’s core areas of business – research and consulting, oil cargo brokerage, and project development. “Axelrod Energy Projects will be in a stronger position to assist consulting and commercial clients identify and  seize opportunities as the world fuel oil market undergoes structural transformation,” Lawrence Axelrod observes.

ABOUT CLIPPERDATA

ClipperData, headquartered in New York City, holds exclusive partnerships with the U.S. Customs & Border Patrol and Inchcape Shipping Services, the world’s largest port agent. ClipperData offers the industry’s most comprehensive database of waterborne – oceangoing, inland barge, ship-to-ship and floating storage – flows of all crude oil and petroleum products worldwide. ClipperData delivers unrivalled real-time transparency: by ship, grade, API gravity, volume, load/discharge port and dock, along with consignee information. www.clipperdata.com

ABOUT AXELROD ENERGY PROJECTS

New York-based Axelrod Energy Projects LLC provides a variety of services to the international oil and energy industries. AEP’s services include research and consulting, physical brokerage of oil barges and cargoes, and project development. www.axelrodenergyprojects.com

The annual World Fuel Oil Summit, organized by Axelrod Energy Projects, brings together traders and other industry participants from around the world. The three-day event includes a facility tour, conference proceedings, and a visit to local landmarks. www.worldfueloilsusmit.com

Saudi Arabia appears to be cutting oil exports to stem the crude decline
CNBC
May 7, 2017
Data from transportation tracking firm ClipperData indicate that the number of barrels the kingdom put on tankers for shipment around the world fell by more than 670,000 per day in April from October, the reference level for OPEC's deal to cut output. That would mark the sharpest decline this year and a reversal of March's increase.
Surging gasoline stockpiles undercut bullish drop in US crude inventories
CNBC
April 26, 2017
"From our perspective, the crack spread — the profitability of refining crude products — has just dropped below year-ago levels and yet we're seeing refinery runs hitting an absolute high last week of over 17.3 million barrels a day, and so it is a concern," said Matt Smith, director of commodity research at tanker-tracking firm ClipperData.
These Assets Would Benefit From a Weaker Dollar
Bloomberg
April 13, 2017
“Typically, the U.S. dollar and commodities move inversely, hence should President Trump’s comments have their desired effect, he will inadvertently be encouraging a rally in oil prices -- ergo, gasoline prices -- as well as other commodities,’’ Matt Smith, director of commodity research at ClipperData LLC said in an interview.
Oil rallies to 3-week high as traders cheer U.S. supply data
MarketWatch
March 29, 2017
“An extremely big jump in refinery activity on the Gulf Coast, a tick lower in imports and a rebound in exports has led to a lower-than expected-build to crude inventories,” said Matt Smith, director of commodity research at ClipperData. But that’s “an increase nonetheless—lifting oil inventories to a further new record.”
Das zerrissene Kartell
Handelsblatt
March 27, 2017

Das geht aus den Daten der Schiffsanalysefirma Clipper Da- ta hervor. Voll ist das Schiff noch nicht: Bis zu 3,7 Millionen Barrel (à 159 Liter) Öl kann ein solcher Supertanker fassen. Allein mit einer einzigen sol- chen Lieferung ließe sich der deutsche Ölbedarf anderthalb Tage lang decken. 

Market currents: LPG on the rise
FuelFix
February 7, 2017
Our ClipperData below show that LPG exports continue to be robust from the U.S. Gulf, as the region establishes itself as a key global supply hub. As the chart below illustrates, the majority of exports are coming out of three terminals: Enterprise at Houston, Targa Resources at Houston, and Sunoco at Nederland.
Oil books 2.8% gain on signs of compliance with output pact
MarketWatch
January 11, 2017
The biggest story from the report is a 190,000 barrel-per-day production rise from the lower 48 states “that pushed total domestic production to 8.946 million barrels per day—its highest point since April 15, 2016, according to Troy Vincent, oil analyst at ClipperData. “This could foreshadow future trouble for OPEC and those wishing to limit global supply.”
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.

How Greater Reliance On Wind And Solar Means Texas’ Power Grid Is Less Nimble During Summer
March 11, 2019

 The Electric Reliability Council of Texas, or ERCOT, warns that consumers will likely demand more power than ever from the grid. Matt Smith, director of commodity research at Clipper Data, says record demand could mean ERCOT will have to ask consumers to voluntarily cut their electricity use.

U.S. crude stockpiles fall more than expected to below 400 mln bbls: EIA
September 12, 2018
NEW YORK (Reuters) - U.S. crude oil inventories fell more than expected last week to below 400 million barrels, while gasoline and distillate inventories rose as refiners ramped up production, the Energy Information Administration said on Wednesday.
US oil prices hit $60 a barrel for the first time since November
March 20, 2019

US oil prices have spiked 40% since Christmas Eve thanks to OPEC's aggressive production cuts.

Crude's recovery from last year's bear market hit another milestone on Wednesday. Oil topped $60 a barrel for the first time since November 9.
Oil Hist Four-Month High on Declining U.S. Inventories
March 13, 2019
U.S. oil prices climbed to a four-month high Wednesday after domestic data showed a counter-seasonal drop in crude-oil inventories, and as supply losses continued from Venezuela and Iran.
Texas Oil Production is High, so Why are Gas Prices On the Rise, Too?
February 25, 2019

Last week, prices at Texas gas pump spiked by 14 cents on average — the highest weekly average in about two years. At a time when the headlines are full of news about plentiful oil in the Permian Basin, shouldn’t gasoline prices in Texas be on the decline?

Matt Smith, director of commodity research at ClipperData says oil’s market price, not the amount being pumped, determines how much gas at the pump costs.

There isn't a 'huge amount of upside' for oil prices: ClipperData
March 11, 2019
Discussing bullish and bearish factors in the oil market, Matthew Smith of ClipperData says prices seem "toppy" at this point.
Oil Prices Consolidate After Monday Rally, Remain Higher
March 5, 2019
Crude oil prices were a little higher early Tuesday just ahead of the start of the regular session as if consolidating Monday's gains, an analyst said.
U.S. Farm Report Saturday, April 13, 2019
April 13, 2019
Ken Smithmier discusses the markets. Items covered include the impact of recent weather on US logistics and grain loading; shipping seasonality into Q2 and Q3; and China's marginal interest in US soybeans, while currently struggling with a massive African Swine Fever outbreak.
U.S. Oil is Trickling Back Into China After Export Boom Goes Bust
February 27, 2019
The ongoing U.S.-China trade dispute stopped a surge in American oil exports to the Middle Kingdom, but as Washington and Beijing inch toward a deal, a trickle of U.S. crude appears to be making its way to Chinese shores.
Oil Rises Sharply on OPEC Production Cuts, Falling U.S. Stockpiles
February 25, 2019

Oil prices rose sharply Wednesday as Saudi Arabia said OPEC will keep cutting production, and weekly U.S. data showed an unexpected drop in crude-oil inventories.