EIA’s supply/demand balance… – Commodity Research Group

October 14, 2016 by Jim Colburn Leave a Comment

The EIA’s Short Term Energy Outlook, released yesterday, continues to show a supply/demand balance for liquid fuels occurring in the second half of next year… However, while decreasing estimates for global inventory build by a smidge, .1, to .7 for 2016, they now show an inventory build of .3 for 20017, up from zero… Reasons for the forecast change in 2017 are increased US and Russian production and slightly lower global consumption than previously estimated… Here is the chart:

Do note that Q4 2017 shows a build in inventories…

Here is a chart comparing stock levels to demand by using “days of supply”:

Here is the link: http://www.eia.gov/forecasts/steo/pdf/steo_full.pdf

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.

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