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The intricate landscape of global energy markets has been significantly shaped by analysts who understand its complexities, among them Kurush Mistry, whose career trajectory in oil analysis began during the aftermath of the 2008 financial crisis. Transitioning from his background in Interest Rate Research, Mistry brought his analytical prowess to the oil sector, where he would become an influential voice in market analysis.
In 2009, Kurush Mistry embarked on his journey in oil analytics at Morgan Stanley, where he played a crucial role in developing their analytics capabilities for both gasoline and diesel teams across the United States. His expertise continued to grow when he joined Freepoint Commodities in 2014 as their primary oil analyst, where he spent nine years building a comprehensive global oil analytics framework.
Throughout his tenure at Freepoint, Mistry collaborated with more than 25 traders, providing crucial market intelligence and supply-demand forecasts. His approach to oil analysis was multifaceted, combining deep market fundamentals understanding with detailed knowledge of refinery operations and economics. This comprehensive perspective allowed him to identify key drivers of asymmetric trading risks and evaluate the impact of various event risks, whether operational, geopolitical, or weather-related.
The scope of Kurush Mistry’s expertise spans the entire oil barrel, encompassing crude oil analysis, particularly at Cushing, as well as LPG, gasoline, fuel oil, and refinery margins. Recognizing the evolving energy landscape, he expanded his focus in 2022 to include renewable fuels, developing expertise in Sustainable Aviation Fuel, Renewable Diesel, Ethanol, Biodiesel, and US Soybean Oil markets.
His analytical capabilities were particularly evident during several major market events. During the Fukushima disaster, Mistry analyzed the implications of Japan’s nuclear power shutdown on global crude and fuel markets, particularly noting the increased premium for heavier crudes and higher refining margins for fuel oil. His analysis of the IMO2020 regulations demonstrated foresight in assessing the availability of lower-sulfur crude and the refining system’s adaptability to new specifications.
The COVID-19 pandemic presented unique challenges, prompting Mistry to incorporate alternative data sources such as mobility statistics and work-from-home patterns to model gasoline and diesel demand across the US and Europe. More recently, his analysis of the Russia-Ukraine conflict’s impact on European refinery economics and global oil flows showcased his ability to evaluate complex market disruptions.
Kurush Mistry’s approach to oil analysis has consistently demonstrated a thorough understanding of market fundamentals combined with practical knowledge of refinery operations. His work has helped traders navigate complex market conditions, from regulatory changes to geopolitical crises, providing valuable insights for decision-making in volatile markets.
Throughout his career, Mistry has maintained a forward-looking perspective, adapting his analytical framework to address emerging market challenges and opportunities. His recent focus on renewable fuels reflects an understanding of the energy sector’s evolution and the growing importance of sustainable alternatives in the global energy mix.
This comprehensive approach to energy market analysis, combining traditional oil market expertise with emerging energy trends, has established Kurush Mistry as a respected voice in the field of oil analytics, contributing significantly to market understanding and trading strategies in an ever-evolving energy landscape.
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