David Fyfe, former head of oil market analysis for the International Energy Agency (IEA), will join Gunvor Group Ltd as Head of Market Research & Analysis. Fyfe has more than 20 years of experience in the oil and energy markets, covering the range of oil sector activity from upstream, through refining, to demand forecasting.

“As Gunvor grows as an integrated commodities trading house, David’s expertise will help us continue to successfully navigate the trends and issues that affect our global business and trading,” said Gunvor Group CEO Torbjörn Törnqvist.

At Gunvor, Fyfe will conduct research and analysis of energy industry trends and related geopolitical developments. He will also serve a public role, articulating Gunvor’s outlook and perspective on issues facing global commodities trading.

During the last decade, Fyfe has been regular contributor to government, oil industry, media and financial sector forums on a broad range of oil market issues.

Since 2008, Fyfe has been Editor of IEA’s Oil Market Report (OMR), which serves as an industry benchmark of recent trends in oil market fundamentals and pricing, also providing detailed forecasts of supply, demand and refining trends looking 12-18 months ahead. Prior from 2003, he was responsible for IEA’s regular OPEC and non-OPEC oil supply analysis and projections published in the OMR and in the Medium-Term Oil and Gas Markets.

Fyfe holds a BSc in Geological Sciences and a Masters degree in Energy Policy and Economics from Imperial College, University of London. His career began with a consortium of service providers to the UK North Sea oil sector.