Oil demand, again… Bloomberg – Commodity Research Group

September 28, 2020 by Jim Colburn Leave a Comment

Yet another piece on shaky oil demand, this time from Bloomberg’s Elizabeth Low and Alex Longley, here…

“The oil market, however, still faces an uncertain outlook with an executive at trading giant Vitol Group saying prices have little room to increase in the fourth quarter because the demand recovery is slowing amid new coronavirus restrictions.”

”Crude’s recovery will be long and gradual, Russian Energy Minister Alexander Novak said on Sunday, estimating global demand this year will drop by as much as 10% from a year earlier.”

”Oil demand has become more “uncertain,” Bake said on a conference call hosted by Dubai consultant Gulf Intelligence.”

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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