An abundance of uncertainty continues to grip the global oil market due to risks posed by the upcoming US election, the possibility of a second wave of COVID-19 outbreaks, and other potential developments. These risks are making it difficult for companies to plan ahead at a time when doing so has never been more important.
To help companies overcome this challenge, StoneX Financial Ltd (formerly INTL FCStone Ltd) held a 45-minute virtual event on 28 October, that looked to help attendees gain a better understanding of market scenarios and risks that may materialize in the medium term. Specifically, the program:
- Explored the global supply/demand dynamics, while also analyzing the pace at which inventories will fall and rise in the global oil refining market
- On a sectoral view, assessed the speed of the recovery in manufacturing, aviation and road transportation with the use of high frequency data.
- Assessed the external macro and geopolitical risks that may infiltrate the energy markets in the months to come.