Summary

-Investing in PRIM' EssenCiel is equivalent to directly invest in oil and refined products, with a daily liquidity. Today supply and demand equilibrium is fragile: China and India economical development, bottlenecks on the refining and shipment capacity, geopolitical tensions and Middle East fears could easily lead to a further appreciation of energy prices. Globally, energies are progressively becoming a tactical asset for future. Financially speaking, their low correlation with traditional asset classes give them a huge diversification effect that make them essential in a portfolio allocation.