When “laggards” become “cheats… – Commodity Research Group

August 19, 2020 by Jim Colburn Leave a Comment

Here is a headline from today’s Bloomberg:

”Saudis Keep Pressure on OPEC Cheats Before Ministerial Talks”…. I’m not sure what the time frame is for “laggards” to become “cheats”, but here is from the article:

”Nigeria, Iraq and several other nations have consistently fallen short of their pledges to cut production as the Organization of Petroleum Exporting Countries and its allies seek to offset the sharp drop in oil demand triggered by the coronavirus pandemic.

Their level of compliance will be one of the main subjects of discussion at a video conference later on Wednesday of the OPEC+ Joint Ministerial Monitoring Committee, which is chaired by Saudi Arabia and Russia. It’s due to start at 4 p.m. Vienna time.”

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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