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Madrid. Key topics of discussion: 1 — OPEC / Saudi Policy - OPEC agreed to cut production by 1.2mb/d, along with 600kb/d from non-OPEC producers. Francisco believes Saudi’s key objective will be to push the oil forward curve into backwardation to 1)lower global refinery margins 2) lower prices for forwar
Page: HOUSE_OVERSIGHT_014695 →xtel, Greenwich, Bloomberg, or Energy Risk, among others. Previously he was Head of Global Asset Allocation Research. Prior to joining Merrill Lynch, Blanch was an energy economist focusing on global oil & gas in the commodity research group at Goldman Sachs & Co. and consulted for the European Commission
Page: HOUSE_OVERSIGHT_014695 →CGOVERN,KEVIN M LANE,JEFFREY MILETO,FRANCESCO CERIALE,MELISSA S NEWQUIST,SCOTT C
ANDRE,LAURA KUHLMAN,MRS THANE A BLANCO,HOLLY BURGESS,SAIRA READ JR,WM A
f Madrid. Key topics of discussion: 1— OPEC / Saudi Policy - OPEC agreed to cut production by 1.2mb/d, along with 600kb/d from non-OPEC producers. Francisco believes Saudi's key objective will be to push the oil forward curve into backwardation to 1)lower global refinery margins 2) lower prices for forwa
tel, Greenwich, Bloomberg, or Energy Risk, among others. Previously he was Head of Global Asset Allocation Research. Prior to joining Merrill Lynch, Blanch was an energy economist focusing on global oil & gas in the commodity research group at Goldman Sachs & Co. and consulted for the European Commissio
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