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Fatih Birol comments on CNBC…

You are here: Home / Commodity Research / Fatih Birol comments on CNBC…

June 16, 2020 by Jim Colburn Leave a Comment

Here is the IEA’s Fatih Birol on CNBC:

”IEA Executive Director Fatih Birol told CNBC’s “Street Signs Europe” on Tuesday that a modest oil market recovery was being driven by three factors: China’s strong exit from lockdown measures; a “very good” compliance among OPEC+ members; and the decline of production in the U.S., Canada and other G-20 countries.

“All these three things coming together tells us that the gradual recovery of the oil market continues,” he added.”

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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.

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