World Supply/Demand Balance… EIA – Commodity Research Group

November 13, 2016 by Jim Colburn Leave a Comment

The EIA’s Short Term Energy Outlook, released last week, shows a world oil market reaching supply/demand balance in the third quarter of 2017:

Do note that supply is expected to be slightly above demand in Q4… Here is the link: http://www.eia.gov/forecasts/steo/pdf/steo_full.pdf

In the same report, the EIA shows how much OPEC oil is offline due to “unplanned” circumstances:

For 2017, the EIA and the IEA show a stock build of around 500,000 barrels per day, while OPEC’s mostly oil report is at 950,000…

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.

Reader Interactions

Leave a Reply Cancel reply