Energy Data Response US Weekly Petroleum Status Report US commercial crude stocks declined again last week. However, with both implied demand for most products and refinery activity close to pre-pandemic levels, we think the pace of draws will stabilise. 23rd June 2021 · 2 mins read
Metals Data Response Global Steel Production (May) Growth in global steel production is still running high in year-on-year terms owing to the low base a year earlier. However, daily production in May was somewhat lower than April, as output in China... 22nd June 2021 · 2 mins read
Metals Data Response Global Aluminium Production (May) Average daily global aluminium production edged up in May as smelters continued to take advantage of high prevailing prices. We think that production will rise further in the near future. 21st June 2021 · 2 mins read
Energy Data Response US Weekly Petroleum Status Report Despite an uptick in domestic production, US commercial crude stocks plummeted last week as refinery throughput rose and net imports slumped. However, we suspect that the pace of draws will slow in... 16th June 2021 · 2 mins read
Energy Data Response US Weekly Petroleum Status Report US commercial crude stocks fell again last week, in part due to higher refinery activity. However, rising product stocks and lower product demand suggest the downward trend in crude stocks may slow... 9th June 2021 · 2 mins read
Energy Data Response US Weekly Petroleum Status Report US commercial crude stocks declined for the fifth week in a row, owing to the robust economic recovery and a further increase in inputs to refineries. With demand set to rise further, and few signs of... 3rd June 2021 · 2 mins read
Energy Data Response US Weekly Petroleum Status Report Last week’s decline in US crude stocks adds to evidence that the oil market is getting tighter. This supports our view that oil prices have further to rise in the months ahead, before higher OPEC+... 26th May 2021 · 2 mins read
Metals Data Response Global Steel Production (Apr.) Global steel production rose again in April as lower output in India, in particular, was offset by sizeable jumps in production in China, Russia and Brazil. For now, virus-containment measures remain... 21st May 2021 · 2 mins read
Metals Data Response Global Aluminium Production (Apr.) Average daily global aluminium production was unchanged in April, but we continue to expect that output will increase this year given current high prices and premiums. 20th May 2021 · 2 mins read
Energy Data Response US Weekly Petroleum Status Report US commercial crude stocks increased last week as inventories continue to be drawn down from the US government’s strategic reserves. We expect commercial crude stocks to rise further next week as... 19th May 2021 · 2 mins read
Energy Data Response US Weekly Petroleum Status Report US commercial crude stocks held fairly steady last week despite a collapse in exports. While both exports and product demand will probably increase over the coming weeks, crude stocks may have... 12th May 2021 · 2 mins read
Energy Data Response US Weekly Petroleum Status Report US crude stocks plummeted last week primarily because net imports nosedived to a record low. While net imports will probably recover in the coming weeks as exports ease back, we think that crude... 5th May 2021 · 2 mins read
Energy Data Response US Weekly Petroleum Status Report US crude commercial stocks stabilised last week, but we think they will resume their decline before long as product demand benefits from the easing of virus-related restrictions. 28th April 2021 · 2 mins read
Metals Data Response Global Steel Production (Mar.) Global steel production continued to rise in March, no doubt incentivised by high prices. Growth in demand in some key markets, such as the US and China, has been strong, but we suspect that... 22nd April 2021 · 2 mins read
Energy Data Response US Weekly Petroleum Status Report US crude commercial stocks rose a touch last week, but we expect them to fall in the coming weeks as product demand picks up in tandem with the progressive easing of lockdowns. 21st April 2021 · 2 mins read
Metals Data Response Global Aluminium Production (Mar.) Daily aluminium production dropped back a bit in March. But with prices currently at multi-year highs, and only very piecemeal restrictions on output in China, we doubt it will be long before daily... 20th April 2021 · 2 mins read
