Strategy Report
Rock ... OPEC ... Hard Place
The evolution of oil demand will be far more important for prices than the outcome of next month's International Energy Forum meeting in Algiers. The supply destruction brought on by lower prices is increasingly shifting to OPEC producers outside the Persian Gulf, which keeps the odds of a large-scale unplanned outage - in Venezuela or Nigeria, in particular - elevated.
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BCA Research | Commodity & Energy Strategy
Top-down global-macro framework with bottom-up fundamental analysis of major commodities.
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