Supply/Demand balance… EIA – Commodity Research Group

June 11, 2020 by Jim Colburn Leave a Comment

Here a look at the EIA’s estimates for supply/demand for liquid fuels from This Week in Petroleum:

”Taken together, the faster recovery of global oil demand and steeper declines in global oil production are bringing markets closer to balance sooner than EIA forecast in the May STEO. EIA forecasts that June 2020 global petroleum inventory withdrawals will average 1.9 million b/d, compared with a 1.6 million b/d inventory build EIA forecast in the May STEO. EIA now forecasts that global inventory builds will average 2.2 million b/d in 2020, down from forecast builds of 2.6 million b/d in the May STEO (Figure 2).”

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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