OPEC’s Monthly Oil Report is out… – Commodity Research Group

March 14, 2018 by Jim Colburn Leave a Comment

You can download it here..

From the summary page, the call on OPEC oil is slightly lower in 2018 due to a large non-OPEC supply increase (which offsets a hefty increase in demand):

Here is more on non-OPEC supply growth:

Note how 3Q and 4Q demand picks up:

And here is OPEC’s current production levels (the column Feb17 should be labeled Feb18):

Note the continued implosion of production levels in Venezuela… And note the difference of current OPEC production and the “call” on OPEC production in 3Q and 4Q of this year (labeled “Difference (a-b)” above)…

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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