Head of Fundamental Commodities Research
Bank of America Merrill Lynch
Director and head of Fundamental Commodities Research at BofA Merrill Lynch Global Research. Schels conducts fundamental analysis of the commodity markets, with a special focus on the tactical outlook for energy prices, such as oil, natural gas and coal. In addition, she contributes to strategic research on commodities as an asset class in an investor portfolio. Together with the rest of the team, she publishes the Global Energy Weekly and Commodity Derivatives Insights, a set of tactical publications widely followed by the bank's corporate and investor clients. Prior to joining Bank of America Merrill Lynch in 2005, Schels was an economist at Goldman Sachs & Co., where she contributed to publications in Global Macroeconomics and Global Markets.