Commodity Research Group (CRG) 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 hedging strategies.
In this podcast, Andrew Lebow and Marty Stetzer discuss Oil Markets, tensions in Iran and Metals with Ed Meir.
About the Experts
Edward Meir was named the most accurate price forecaster for base metals in 2011, 2014 and 2015 and finished second for 2013, as ranked by Metal Bulletin, a leading trade publication. Additionally, he obtained the #2 ranking for precious metals in 2014 and was third in 2013. Prior to providing research under the banner of Commodity Research Group (formerly Madison Holdings), Mr. Meir sourced nonferrous metals out of Europe, China, and Russia for a number of clients, utilizing the 9 years of trading experience he had acquired while working with UK-based trading company Trans-World Metals.
Currently, Mr. Meir’s CRG has been retained by INTL FCStone as an independent research consultant for both base and precious metals. CRG provided similar services to MF Global for eight years prior to its demise in late 2011, covering the suite of energy products as well. Mr. Meir obtained his BA in Economics from Montreal’s McGill University and his MBA from New York University. He is a long-standing registered principle with the National Futures Association and his firm is registered with the NFA as an independent introducing broker.
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
Marty Stetzer is president of EKT Interactive Oil and Gas Training.
Marty has been a consultant to U.S. and international oil and gas
companies since 1986, including 13 years with PriceWaterhouseCoopers.
He brings 18 years management experience with Schlumberger, Superior Oil-Mobile, Wilson Industries and Exxon.
Marty has worked with numerous national and international oil and gas company managements to help improve business performance across upstream, midstream and downstream operations.
Like many of the team, Marty is active in the Society of Petroleum Engineers and often presents at industry forums.
This is Andy Lebow of Commodity Research Group.
Today I’m joined by Marty Stetzer of EKT Interactive and also with Ed Meir from Commodity Research Group, one of my colleagues. And today we’re going to be talking about oil and metals; very interesting topics to discuss.
Marty, good morning.
Good morning, nice to hear your voice again, Andy.
Well let, let’s start out with crude oil since it is clearly front and center in a lot of the trade and certainly in the media and the way it’s moving undoubtedly there, there are a lot of cross currents in this commodity and we’ll talk about as much as we can of what we’re seeing. But obviously the number one factor right now is geopolitical risk. The market has, at least for, for Wti, after coming off from 66 60 down to $50 has held and uh, rallied sharply given what’s going on in the Persian Gulf.
And as our listeners know, there have been some military activity and there was almost a widening of military activity overnight; today is June 21st.
So the US almost attacks Iran on a limited basis. But in the last week or so, there have been attacks on shipping in the Gulf of Oman. And there have been attacks on Saudi oil facilities and the Iranians shot down a US drone. And all of a sudden, actually it has been all of a sudden, it’s only been in the last, in the last week, the oil market began to notice that, hey, you know, we’ve come off by $70 now I have $50, which is the lowest it had been since late last year, since December and maybe there’s an impetus or there clearly was an impetus to cover short positions and go along, which is not surprising.
Okay. So I think we’ll wrap it up here.
Thanks very much Marty and Ed for joining us. This is Andy Lebow from commodity research group. You can reach us on the web at commodityresearchgroup.com and my email is firstname.lastname@example.org.
Marty, thanks for the opportunity to participate. If some of our trading listeners would like to learn more about the infrastructure relationships, take a look at our website and our 10-part mobile-ready series called Oi 101 talking about a lot the way the upstream, midstream and downstream are interrelated. You can find us at www.ektinteractive.com and again, thanks Andy and Ed for the opportunity to participate.