Prices should be higher… Amrita Sen via The WSJ

August 18, 2017 by Jim Colburn Leave a Comment

One of the top oil analysts in the world is quoted in today’s WSJ here…

“”Prices should be $10 higher given where the fundamentals are,” said Amrita Sen, chief oil analyst at Energy Aspects, an energy market research consultancy.”

“But Ms. Sen said prices were being held back by investor concern over still-rising U.S production. She said the market was overly focused on the EIA’s concurrent announcement that U.S. output had increased by 79,000 barrels a day, to 9.502 million barrels a day, during the week ended Aug. 11.

“The market is so obsessed with supply. If U.S. output is going up and stocks are drawing that is an extremely bullish development,” Ms. Sen added, noting rising demand.”

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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