Are We Poised for a Natural Gas Rally?


We may be near the end of the twelve-year bear market in natural gas. Although we have mostly stayed away from natural gas stocks over the last several years, we continue to follow the market..

G&R In the News


The Managing Partners here at Goehring & Rozencwajg have historically been relied on to provide perspective on an array of natural resource-related topics. For your reading interest, below is a..

Are We Entering a New Paradigm of Inflation?


During a recent client call, this question on inflation was posed to G&R Managing Partner Adam Rozencwajg, CFA:

“Over the past 40 or so years, we've been in a period of declining real interest..

Falling Rig Count and Demand Normalization


“If production were to average 80.5 mm b/d, then global inventories would go from ‘full’ to 15-year low levels in only two months.”


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In recent blogs we’ve been..

[New Podcast] Adam Rozencwajg Talks Oil Markets on Financial Sense


“In the history of crude oil, nothing can compare to the past two months." 


Goehring & Rozencwajg managing partner Adam Rozencwajg recently joined Financial Sense (FS) Senior Editor Cris..

Negative Oil Prices: How it Happened and Resulting Implications


Oil prices have joined bond yields in doing the unthinkable: trading at negative levels. In the case of oil, the West Texas Intermediate (WTI) May 2020 contract reached a low of -$40.32 at 2:24 pm..

Today’s Oil Markets: Supply and Demand Dynamics


On our recent Market Update conference call (recorded on March 19, 2020), we received a number of questions regarding the supply and demand dynamics of today’s oil markets. Many attendees were..

We Are Entering Into A New Era Of Inflation. Are You Prepared?


Last April, Bloomberg BusinessWeek ran a cover story entitled “Is Inflation Dead?” We immediately thought back to the infamous 1979 BusinessWeek cover “The Death of Equities,” written less than..

[SPECIAL REPORT] Oil Market Volatility


Goehring and Rozencwajg have just released a Special Report regarding the severe volatility in the oil markets, including analyses around the OPEC+ developments that contributed to the worst..

The Disconnect Between Oil Stocks and Oil Prices Continues


The extreme bearishness towards energy related equities reminds us of the precious metals markets back in the late 1990s.”


After extensive weakness in both Q2 and Q3, natural resources enjoyed..

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