Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, Andrew Lebow and Marty Stetzer discuss Oil Markets, China and Metals with Ed Meir.
About the Experts
Edward Meir was named the most accurate price forecaster for base metals in 2011, 2014 and 2015 and finished second for 2013, as ranked by Metal Bulletin, a leading trade publication. Additionally, he obtained the #2 ranking for precious metals in 2014 and was third in 2013. Prior to providing research under the banner of Commodity Research Group (formerly Madison Holdings), Mr. Meir sourced nonferrous metals out of Europe, China, and Russia for a number of clients, utilizing the 9 years of trading experience he had acquired while working with UK-based trading company Trans-World Metals.
Currently, Mr. Meir’s CRG has been retained by INTL FCStone as an independent research consultant for both base and precious metals. CRG provided similar services to MF Global for eight years prior to its demise in late 2011, covering the suite of energy products as well. Mr. Meir obtained his BA in Economics from Montreal’s McGill University and his MBA from New York University. He is a long-standing registered principle with the National Futures Association and his firm is registered with the NFA as an independent introducing broker.
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
Marty is president of EKT Interactive Oil and Gas Training.
He has been a consultant to U.S. and international oil and gas
companies since 1986, including 13 years with PriceWaterhouseCoopers.
He brings 18 years management experience with Schlumberger, Superior Oil-Mobile, Wilson Industries and Exxon.
Marty has worked with numerous national and international oil and gas company managements to help improve business performance across upstream, midstream and downstream operations.
Like many of the team, Marty is active in the Society of Petroleum Engineers and often presents at industry forums.
Hello everybody. This is Andy Lebow of Commodity Research Group.
Today I am joined with Marty Stetzer, the president of EKT Interactive and also my partner Ed Meir, who was recently named the number one base metals analysts in the world. Very impressive by Metals Bulletin.
So, we’re going to do our weekly commentary. We’re going to talk about oil and metals and whatever else. Today is March 7th.
Good morning, Marty. Good morning, Ed. Happy to be with you again this week. So we, we’ve had, we’ve got a lot to talk about this actually a lot going on in, in the oil market, but the market’s not really moving, but there’s plenty, luckily there’s a lot to, a lot to talk about it. The market seems to be just kind of stuck here in a narrow range. But you know, there’s, there’s a lot going on that, that could easily change that range in one way or the other.
I think I’m going to start just briefly going through the EIAs, which showed a crude stock build of 7 million barrels. You know, some people were really hand wringing over that build. But the reality is it true 9 million last week and there was fog in the Houston ship channel, which prevented a lot of the imports skinning in fog lifted, imports increase the lo and behold we had, we had to build in stocks. I don’t think it was all that all that much of a surprise.
In fact, Commodity Research Group, we’re looking for a build of a over 5 million barrels and we were on the, we were the highest. So I think we nailed that pretty good. On gasoline draw 4.2 a distillate or drove 2.4 and total inventories were basically unchanged. Two things I want to talk about on the, on the EIAs one, kind of following up from our, our last report, gasoline’s looking a lot better.
As always you can find us on our website which is commodityresearchgroup.com. My email is email@example.com. We have a brand new website which is terrific and we’re getting a lot of great feedback on it.
Andy really enjoyed being on the podcast with you. As I listened to Ed maybe in one of our future sessions, we can talk about the oil and gas demand forecasts. Now with this new really low ECB economic forecast, I think our listeners would be very interested in how that’s going to translate to barrels. But I appreciate being part of the podcast.
I’m Marty Stetzer, president of EKT Interactive Oil and Gas Training in Houston. If you’re interested, if you’re new to the industry and interested in learning more about the vagaries of the shale play, or what happens in offshore production, take a look at our website, www.ektinteractive.com. We have three examples of our digital training that you can watch and listen on your phone. Thanks for the opportunity to participate, Andy.
Okay. Thank you. Marty.