Analysts at Tokai National Partners have announced that a certain amount of uncertainty in the Oil & Gas sector have had a negative impact on investors.
TORONTO, June 1, 2017 /PRNewswire/ -- Investors have been concerned with the lack of decisions being made by OPEC (the Organisation of the Petroleum Exporting Countries) who have not made the necessary measures to instill confidence that a solution to drive down oversupply is on the horizon.
The lack of leadership taking place is giving both retail and corporate investors the cold shoulder says Tokai National Partners; the wealth and asset management company have said that the new wave of volatility in Oil prices is due to an oversupply of oil levels and new suppliers catering for the Asian markets as they have had an increase of supply from nations such as Kazakhstan and the North Sea.
Tokai National Partners have commented that over 60% of its corporate investors who are heavily invested in Oil derivatives have pulled their positions due to a huge amount of uncertainty in 2017 alone.
"Saudi Arabia have said to cut oil production more than was quoted just shy of 10m barrels of Oil per day, this in effect is undermining its efforts with more production from countries elsewhere contradicting OPEC's reforms causing the volatility in the markets we are seeing" said George Marshall who is currently the Head of Corporate Trading at Tokai National Partners.
The wealth and asset management company Tokai National Partners highlighted that due to recent swings in Oil prices, 248 positions have been closed to due margin requirements from retail investors and 38% decline in investments in Oil commodities and stocks since early 2016.
Joshua Atkinson the current Director of Corporate Derivatives at Tokai National Partners commented "Until a firm position from OPEC comes out, it's too much risk to be involved in, if they can clarify that they will maintain oil production across the board at the risk of giving away its market share in Asia our analysts can't see a resolution to steady Oil Prices"
Tokai National Partners provide clients investment solutions with a range of markets and instruments.
The company provides comprehensive research reports that identify long-term drivers of growth.
About Tokai National Partners
Tokai National Partners has been established since 2008, working with over $5.6 billion of assets under management provides retail and institutional investment solutions for high net worth individuals, family offices, insurance companies, pension funds as well as non-profit and governmental organizations.
Media Contact Information
Hidetoshi Nakata | hidetoshi.nakata@tnpsecurities.com | North America Switchboard: (001)647-724-3555 | www.tnpsecurities.com/
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SOURCE Tokai National Partners
