Denmark
Biography
Ole Hansen joined Saxo Bank in 2008 and has been Head of Commodity Strategy since 2010. He focuses on delivering strategies and analyses of the global commodity markets defined by fundamentals, market sentiment and technical developments.

Hansen is the author of the Weekly Commodity Update, which sets out the moves in commodities, and also provides clients with commodity related trade views under the #SaxoStrats brand. He is a regular contributor to both broadcast and print media including CNBC, Bloomberg, Reuters, Wall Street Journal, Financial Times and the Telegraph.

Having worked 18 years in the City of London both on the sell-side and for a multi-asset hedge fund, Hansen is experienced in the fields of trading and investment and is a respected strategist, who regularly travels the world to meet with Saxo Bank clients.

Ole Hansen has a banking education from Danske Bank
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Write a Squawk to Ole Hansen
  • Squawk / 55 minutes ago
    Head of Commodity Strategy / Saxo Bank
    Denmark
    The International Energy Agency has just released its 'Oil Market Report' for December. In it they keep global oil demand growth for 2018 unchanged at 1.3m b/d while increasing non-Opec supply to 1.6m b/d. They highlight the success of Opec and non-Opec producers efforts to reduce oil inventories. The impact of higher prices will however continue to delay the process as supply from competitors, led by US shale drillers may exceed the growth in demand next year.
    They conclude: "So, on our current outlook 2018 may not necessarily be a happy New Year for those who would like to see a tighter market. Total supply growth could exceed demand growth: indeed, in the first half the surplus could be 200 kb/d before reverting to a deficit of about 200 kb/d in the second half, leaving 2018 as a whole showing a closely balanced market"
    Link: https://www.iea.org/oilmarketreport/omrpublic/

    With the monthly reports now out from all three we find the consensus moving towards a balanced market
    Read the Squawk
  • 18h
    Ole Hansen Ole Hansen
    A bigger than expected decline in crude oil stocks being off-set by an equally bigger build in gasoline stocks. Production jumped 73k bpd while refinery demand slowed...
    18h
    Ole Hansen Ole Hansen
    EIA report in charts
  • 20h
    Althea Spinozzi Althea Spinozzi
    Hi Market Predator, yes it is true that levels are in line with the ones found before 2018 however it is hard to say whether a flat...
    20h
    Market Predator Market Predator
    OK, thanks for your response.
    20h
    Althea Spinozzi Althea Spinozzi
    Thanks to you MP always very nice seeing your comments :)
  • Squawk / Yesterday at 8:11 GMT
    Head of Commodity Strategy / Saxo Bank
    Denmark
    Gold and silver remain on the defensive ahead of today's rate decision from the FOMC. The four rate hikes seen so far in this cycle all signaled a local low in the price of gold. The longest delay occurred following the June 14 rate hike when gold only hit a low point 18 days later before eventually recovering.
    Read the Squawk
    1d
    Daniel CN Daniel CN
    looking at the long term price chart of gold, adding falling demand (especially in Asia; the China 2006 nuclear boost by allowing gold vanishes) one wonders: do...
  • 19h
    Market Predator Market Predator
    @Ole: thanks for all cmdt updates in 2017!
  • Article / Tuesday at 9:45 GMT

    Brent outage highlights its vulnerability as a benchmark — #SaxoStrats

    Head of Commodity Strategy / Saxo Bank
    Denmark
    Brent outage highlights its vulnerability as a benchmark — #SaxoStrats
    Brent crude has surged higher on news that an important pipeline carrying oil from the North Sea has been temporarily shut due to repair work. This event not only cuts global supplies for an unknown period of time, it also highlights the risk to oil price discovery when less than 2% of daily global output sets the price for more than 50%.
    Read the article
    1d
    Ole Hansen Ole Hansen
    Comment on TTF Gas: The TTF Day Ahead rose by €0.8/MWh to €21.8/MWh yesterday as news broke about the Forties Pipeline in the UK being shutdown thereby...
    1d
    Ole Hansen Ole Hansen
    Crude oil reversing its earlier gains on verbal intervention from the IEA: IEA SAYS MONITORING FORTIES OIL PIPELINE CLOSURE "CLOSELY", BUT SEES NO NEED TO ACT YET...
  • 2d
    Alan M Alan M
    I think the whole bitcoin thing is crazy, i thought it was too high around 7000. But those who own it are so convinced, they will go...
    2d
    Raneta Leonid Raneta Leonid
    I wonder what is the meaning of this "value" how do U transmit it to consumption, because for now it's deflationary, just attracting purchasing power for no...
    2d
    Tarek Tarek
    Bitcoin hyperbolic illogical price pattern is mainly driven by an enormous tsunami waves of demand against limited supply.It cannot be explained by logical economics.
    At one time, the...
  • Article / Monday at 8:55 GMT

    COT: Specs fleeing metals; Oil long remains close to record

    Head of Commodity Strategy / Saxo Bank
    Denmark
    COT: Specs fleeing metals; Oil long remains close to record
    Hedge funds cut bullish commodities bet by 138,177 lots in the week to December 5. Hardest hit were metals with gold, silver and copper all seeing major reductions. Oil saw light profit taking after Opec+ meeting while natural gas got slammed as the US winter continued to delay its arrival. Grains were bought while softs were mixed.
    Read the article
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