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by Jim Colburn Leave a Comment
This from the Houston Chronicle:
“The largest drop in oil demand in history is underway due to the coronavirus outbreak, even worse than that experienced during the 2008 financial crisis, analysts at the research firm IHS Markit said Wednesday.
With economic activity in China sharply falling in February, the firm is predicting oil demand will decline by 3.8 million barrels per day over the first three months of 2020.”
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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