Richard leads analysis of geopolitics, international affairs and energy policy. The Middle East and North Africa region is his primary focus. Richard is a senior policy professional with more than six years experience working with central government functions in both the UK and Australasia. He has a deep understanding and track record of impact in all aspects of policy-making. He has written articles for a range of publications including MEES and the Oxford Energy Forum and regularly comments on geopolitical events affecting the energy markets. Richard holds a BA in Politics and International Studies from the University of Warwick and is a member of the Royal Institute of International Affairs (Chatham House).
Fundamentals is our monthly review of global oil data, this is the March edition.Compared to our balances published last month, 2018 balances have become marginally tighter, mainly for Q1 18, while balances across Q2 18-Q4 18 are broadly unchanged. Interestingly, the Q1 18 tightening in balances..
This week and last the key agency forecasts have been published. EIA published STEO on 6 March, OPEC published MOMR yesterday and the IEA published OMR this morning.Despite some worries surrounding the global economy, the key agencies mostly revised global demand growth estimates for 2018 higher,..
We estimate that OPEC production fell m/m by 60 thousand b/d to 32.31 mb/d in February. This raised compliance with the OPEC/non-OPEC production deal to a new record of 149%.The largest m/m reduction came from Saudi Arabia, where output was 50 thousand b/d lower at 9.94 mb/d (125% compliance). Sa..