Riccardo is a geopolitical analyst with a special focus on the political economy of the Middle East and North Africa (MENA). Before joining Energy Aspects, Riccardo worked as a MENA senior analyst at political risk consultancy Eurasia Group and as a MENA senior economist at Dun & Bradstreet. He has contributed articles to the Carnegie Endowment for International Peace’s Sada journal and provided commentary to various media outlets including Bloomberg, Reuters and the Financial Times.
Riccardo holds an MPhil in International Relations from the University of Cambridge and an MA in Political Science from Roma Tre University. He is fluent in French and Italian, and conversant in Arabic and Portuguese.
We estimate that OPEC production rose m/m by 0.15 mb/d to 32.03 mb/d in June, but was lower y/y by 0.67 mb/d. Compliance with the OPEC/non-OPEC deal was down to 124%, from 161% in May. Compliance excluding Venezuela fell to a record low of 69%, compared with 112% in May. Congo joined OPEC on 22 J..
The past three days have seen each of the key agencies publish their monthly forecasts. The EIA’s STEO on Tuesday, OPEC’s MOMR came out yesterday, while the IEA published the OMR this morning.The supply-demand estimates for all three agencies continue to diverge sharply. The EIA and OPEC continu..
The market is getting tired of waiting for tighter balances, and their arrival date has been pushed back to Q4 18 thanks to GCC and Russia raising production pre-emptively before the market loses Iranian barrels. Unless the prompt overhang—which has lasted for a bit too long—clears, it will be ha..