EIA Forecasts Hampered By Global Supply Uncertainties

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Hira Shahnawaz Akhtar
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The Energy Information Administration (EIA) recently released its short-term outlook for the month of February 2014 and has forecast that the global crude oil output will average 91.68 million barrels per day (bblpd) during 2014 while the number will grow to over 93 million bblpd in 2015. However, the EIA recognizes the limitation of its estimates as changing global political and geographical circumstances dictate the output and can mean significant variance between actual numbers and projections. EIA: Extreme weather shrunk output this winter “Temperatures east of the Rocky Mountains have been significantly colder this winter (October – January) compared with…


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Hira is a financial analyst whose expertise lies in commodity and other financial markets. Hira is currently an independent financial consultant and is working with many international firms like American Arab Solutions (AAS). She has previously served as a Senior Research Analyst at Alternate Research (Pvt.) Ltd. as the Team Leader for the International Equities Research. She has also worked as an equities analyst of Pakistani E&P stocks at Invest Capital Markets. She has experience in business development and conducting feasibility studies in commodity markets, specifically in sugar, palm oil and canola oilseeds. She has cleared all three levels of her CFA (Chartered Financial Analyst) and has an undergraduate degree in Finance.

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