EP: 92 Tracking the Fundamentals of Oil Supply

Futures Radio Show
Futures Radio Show
EP: 92 Tracking the Fundamentals of Oil Supply


Matt Smith

matt smit


Director of Commodity Research at ClipperData │ Twitter: @mattvsmith01

Record Date: 10/11/16

Dear Traders,

Today we had an incredibly knowledgeable guest when it comes to the oil markets. Especially when it comes to tracking oil across the globe. He’s the director of commodity research at Clipper Data, Matt Smith.

Being primarily a technical trader when it comes to oil, after speaking with Matt today I was reminded how important fundamentals are when it comes to the price of oil.  Especially to the major oil players…Instead of waiting for the weekly inventory numbers, they are live tracking the flow of oil on a day by day basis.  He reveals the incredible technology that clipper data is using to help traders.

I asked Matt why there seems to be so many discrepancies lately between the EIA and API numbers, and I also asked him what he thought would happen to the crude oil market if we did see a cut in production from OPEC.

Overall Matt was a wealth of information for any oil trader out there. If you’re wanting to trade oil like a professional, you need to hear what Matt has to say.

Biggest Takeaways:

  1. The importance of real-time supply of oil being shipped globally.
  2. The surprising discrepancies between EIA and API numbers.
  3. How US Oil export numbers changed after the export ban has been released.
  4. The re-balancing of US oil supply and demand.
  5. What would happen to US crude oil if OPEC decided to cut production.

Answers to the 4 rapid fire questions at the end of the show:

  1. Favorite Book About Trading:
    – The Frackers: Greg Suckerman
  2. Favorite Movie About Trading:
    – Trading Places
  3. Best Advice Ever Received About Trading:
    – The market can stay irrational longer than you can stay solvent.
  4. Advice to Give to Others About Trading:
    – look at all different aspects of the market. Look at technicals, fundamentals, and use them like a utility belt. You have to keep skeptical but also stay flexible to be able to change your opinion.


Relevant chart pertaining to guest’s comments:

Shows the increase in loadings for all of OPEC since November 2014 – up 4 million barrels per day since then!!

OPEC loadings to Aug

One chart attached shows the year-on-year increase in crude loadings from Iran, Iraq and Saudi Arabia. It shows the three are consistently exporting more than year-ago levels – over 2 million barrels per day more in August 2016 to the same month last year.

iran iraq saudi loadings

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