OPEC production, supply/demand… – Commodity Research Group

February 14, 2018 by Jim Colburn Leave a Comment

The tables below are from OPEC’s Monthly Oil Market Report, released on Monday… Note the two production numbers in January for Venezuela, 1,600 from “secondary sources’ and 1,769 from “direct communication” …

OPEC produced at a 32.3 mbd pace in January which is enough to cover the first half of the year, but second half gets interesting with the call for OPEC crude increasing by +1.4 in Q3 and +1.6 in 4Q… We are setting up for a very interesting June meeting…

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