Energy Data Response US Weekly Petroleum Status Report The surprise build in US crude stocks last week was mostly the result of a plunge in exports. At the same time, while product stocks increased again, we expect this trend to reverse through the course... 8th January 2020 · 2 mins read
Energy Data Response US Weekly Petroleum Status Report US commercial crude stocks fell sharply last week as exports soared and there was a step-up in refinery activity. We expect exports to remain high given constrained OPEC+ output. In contrast, product... 3rd January 2020 · 2 mins read
Metals Data Response Global Steel Production (Nov.) Global steel output dropped in m/m terms in November, led by China. We think that global production will remain weak in the coming months due to softer demand growth and pre-announced output cuts. 20th December 2019 · 2 mins read
Metals Data Response Global Aluminium Production (Nov.) Global aluminium production continued to falter in November, largely due to another sharp fall in Chinese output. But additions to China’s capacity coupled with a resumption of shuttered smelters... 20th December 2019 · 2 mins read
Energy Data Response US Weekly Petroleum Status Report US commercial crude stocks rose last week, while gasoline inventories surged on the back of a drop in demand. We expect inventories to rise further in the first quarter, as economic growth remains... 11th December 2019 · 2 mins read
Energy Data Response US Weekly Petroleum Status Report US crude stocks fell last week on the back of increased refinery throughput. However, with stocks well above their historical average, and with the US economy set to slow, this latest report doesn’t... 4th December 2019 · 2 mins read
Energy Data Response US Weekly Petroleum Status Report US commercial crude stocks rose last week, largely on the back of an outflow from the government’s strategic reserve. Over the coming months, we expect slowing economic growth and faltering crude... 27th November 2019 · 2 mins read
Metals Data Response Global Steel Production (Oct.) Global steel production continued to contract y/y in October, and we think it will remain weak in the coming months given subdued economic growth in key consuming regions. 26th November 2019 · 2 mins read
Metals Data Response China and India Gold Imports (Oct.) Gold imports by China and India remained at historically low levels in October. Our view is that the gold price rally is now behind us, and that ongoing weakness in consumer demand will be one of the... 25th November 2019 · 2 mins read
Energy Data Response US Weekly Petroleum Status Report US commercial crude stocks rose, in large part due to a significant outflow from the strategic reserve. That said, we expect stocks to remain relatively high as the economy slows and demand falters. 20th November 2019 · 2 mins read
Metals Data Response Global Aluminium Production (Oct.) Global aluminium output ticked up on a monthly basis in October, in large part due to the ongoing ramp-up of new capacity in Bahrain. It now looks likely that global production will be broadly flat... 20th November 2019 · 2 mins read
Energy Data Response US Weekly Petroleum Status Report US commercial crude stocks rose, in part owing to higher domestic production but there was also a significant outflow from the strategic reserve. We think that above-trend US stocks will remain a... 14th November 2019 · 2 mins read
Energy Data Response US Weekly Petroleum Status Report US commercial crude stocks rose on the back of higher net imports and a fall in inputs to refineries. We expect a slowdown in the US economy to lead to further builds in inventories in the coming... 6th November 2019 · 2 mins read
Energy Data Response US Weekly Petroleum Status Report US commercial crude stocks surged last week owing to a jump in net imports. Over the coming months, we expect a slowdown in the US economy to lead to further builds in inventories. 30th October 2019 · 2 mins read
Metals Data Response Global Steel Production (Sep.) Temporary shutdowns in China and Japan caused annual growth in global steel production growth to contract in September. We expect production to bounce back a little as these temporary factors fade... 25th October 2019 · 2 mins read
Energy Data Response US Weekly Petroleum Status Report US crude stocks fell last week on the back of strong demand for both distillates and gasoline. But with stocks still comfortably above the five-year average, and the US economy set to slow further... 23rd October 2019 · 2 mins read
