Yeah, it’s historic… – Commodity Research Group

March 9, 2020 by Jim Colburn Leave a Comment

Here are Dan Murtaugh and Alex Longley, Bloomberg, quoting Fatih:

”The situation we are witnessing today seems to have no equal in oil market history,” said IEA Executive Director Fatih Birol. “A combination of a massive supply overhang and a significant demand shock at the same time.”

And this:

”Brent futures suffered the second-largest decline on record in the opening seconds of trading in Asia, behind only the plunge during the Gulf War in 1991. The international oil benchmark plummeted to as low as $31.02 a barrel…”

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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