OPEC moves toward maintaining cuts… WSJ

May 20, 2019 by Jim Colburn Leave a Comment

Benoit Faucon and Summer Said, Wall Street Journal, discuss the recent OPEC meeting, here…

”OPEC and its allies on Sunday inched closer to continuing their existing production targets through the end of the year, delegates said, as fear of a returning oil glut outweighed apprehensions around Middle East conflict.”

But Saudi Arabia has been producing under its allotted volume…

”But Mr. al-Falih said Saudi Arabia’s production level could increase. “We cannot commit that we will remain 560,000 barrels a day below our target”, he said.”

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