OPEC’s Monthly Oil Report… – Commodity Research Group

February 13, 2017 by Jim Colburn Leave a Comment

Released today, OPEC’s Monthly Oil Market Report contains some nice summary tables…

Here is OPEC production in January based on secondary sources:

Here is some recent history… Note that price lows were made in the first quarter of 2016, in which OPEC implies a stock build of over 2 mbd (after a rounded 2 mbd build for all of 2015)…

Using January’s OPEC production at 32.1, this report expects the market to be oversupplied in until the late second or by the third quarter…

Here is their summary page:

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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