Asian demand down, Iranian supply up… – Commodity Research Group

April 22, 2021 by Jim Colburn Leave a Comment

Joe Wallace, Wall Street Journal, discusses oil supply/demand focusing on declining demand in India and increasing supply from Iran, here…
“Iran pumped 2.3 million barrels a day in March, according to the International Energy Agency, its highest production level since the Trump administration embargoed Iranian oil sales in May 2019.

More oil is already flowing out of the Middle East. Loadings of crude onto vessels in the region have risen to 16.8 million barrels a day, from 16.1 million barrels a day in March, according to data and analytics firm Kpler.”

Here is WTI from barchart.com:

Commodity Research Group (CRG), founded by veteran analyst Edward Meir, 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 commodity hedging strategies.

Our associates bring decades of experience to the table, as they seek to help our clients understand the markets. CRG will distill the myriad of pricing variables mentioned above into coherent research that is to-the-point and tailored to a clients hedging or pricing needs. In addition, CRG is available for consulting assignments and speaking engagements. CRG does not manage money or trade for itself.

Reader Interactions

Leave a Reply Cancel reply