What will come out of Doha?
by Nick Cunningham (Oilprice.com)
Mine Web
After a 50 percent rally in oil prices between February and March, crude has retreated a bit as of late. The upcoming OPEC-Russia meeting in Doha looms over the markets, but few expect the outcome to have any material impact on supply and demand. Global supply still exceeds demand, but there are solid signs that the overhang is finally starting to ease. Storage levels are high, but are expected to come down.
Where does that leave us? With so many energy investors unsure of where the markets are heading, Oilprice.com decided to get in touch with Mike Rothman at Cornerstone Analytics – a macro energy research firm that has produces some of the most accurate data out there.