• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

203-656-1143

alebow@commodityresearchgroup.com

Commodity Research Group

AN INDEPENDENT COMMODITY RESEARCH GROUP

  • About Us
  • Our Associates
  • Research
  • Press
  • Podcast
    • All Episodes
    • Monthly Oil Market Report
    • Talkin’ EIAs
  • Blog
Contact Us

Oil rebounds… Bloomberg

You are here: Home / Commodity Research / Oil rebounds… Bloomberg

April 6, 2021 by Jim Colburn Leave a Comment

Sharon Cho and Alex Longley, Bloomberg,  explain recent oil price movements, here…

“The “oil market is settling in after the OPEC+ decision on Thursday to start normalizing output,” said Jens Pedersen, a senior analyst at Danske Bank A/S. “Demand looks relatively bright in particular with reopening under way in the U.S. and strong support from monetary and fiscal policy.”

The gradual nature of the return of OPEC+ supplies will prompt a deeper drawdown of global stockpiles in the second quarter, Citigroup Inc. said in a report on Tuesday, as banks retain a positive outlook on the oil market with the northern hemisphere summer approaching.

Yet the potential for a return of Iranian barrels continues to weigh on sentiment. Negotiators from the Islamic Republic and the U.S. are gathering in an attempt to resurrect the troubled nuclear deal, though the talks face significant hurdles. Tehran has insisted on full sanctions removal for it to scale back nuclear activity, while Washington has ruled out any “unilateral gestures.””

 

 

Category iconCommodity Research


 

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

Your email address will not be published. Required fields are marked *

Primary Sidebar

Recent Posts

  • Air travel increasing… EIA
  • Cryptocurrencies… The Big Picture
  • Asian demand down, Iranian supply up…
  • One year ago… Bloomberg
  • Disciplined spending by E&P’s… RBN Energy
  • More on Iranian oil…
  • Oil demand… Bloomberg

Footer

Get in touch

Get professional market research now.

203-656-1143

alebow@commodityresearchgroup.com

Company

  • Home
  • About
  • Associates
  • Contact

Resources

  • Research
  • Press
  • Podcast
  • Blog
Copyright © 2021 Commodity Research Group. All rights reserved. Developed by EKT Interactive. Return to top