Gordon Kwan, the most-accurate forecaster of Brent oil prices in the eight quarters through March 31, will leave Mirae Asset Securities Ltd. in Hong Kong at the end of June.
Mirae Asset Securities Ltd. was the most accurate forecaster of oil traded in New York out of 26 analysts ranked by Bloomberg over the last eight quarters.
Gordon Kwan, head of energy research at Mirae Asset Securities HK Ltd., talks about the outlook for the global energy industry.
The biggest bet in the oil market has become a 20 percent increase to $120 by the end of the year as global growth drives demand for raw materials.
China may raise fuel prices next year to spur more efficient use, while state companies will make overseas acquisitions to meet demand in the world’s largest energy consumer, according to Mirae Asset Securities Ltd.
"People finally realized that oil prices have been oversold."
- Gordon Kwan on Jan 07, 2015