Energy Data Response US Weekly Petroleum Status Report A surge in exports to the highest level on record last week helped to draw down crude stocks. We expect exports to remain high while the Brent-WTI spread is wide which should help to reduce stocks... 4th October 2017 · 1 min read
Energy Data Response US Weekly Petroleum Status Report A surge in exports and demand from refineries last week helped to draw down crude stocks. We expect these trends to continue which should help to narrow the Brent-WTI spread over the next few weeks. 27th September 2017 · 1 min read
Metals Data Response China and India gold imports (Aug.) The latest trade data for India and China show that imports remained soft in August. We had always believed that demand in India would weaken in Q3 as a result of the implementation of the Goods &... 26th September 2017 · 1 min read
Metals Data Response Global Steel Production (Aug.) World Steel Association (WSA) data showed a 4.9% y/y increase in global steel production in January-August, with output rising in all the major producers except Japan. That said, global output was... 21st September 2017 · 1 min read
Energy Data Response US Weekly Petroleum Status Report Last week’s increase in US crude stocks is mainly due to the lingering impact of Hurricane Harvey. Demand for petroleum products remains reasonably strong, which should help the market rebalance. 20th September 2017 · 1 min read
Metals Data Response Global Aluminium Production According to the International Aluminium Institute (IAI), global primary aluminium output declined by 1.3% y/y last month. This compares with a 1% y/y increase a month earlier. Nonetheless, production... 20th September 2017 · 1 min read
Energy Data Response US Weekly Petroleum Status Report As we expected crude oil production rebounded last week but many refineries remained shut, swelling crude stocks and pulling down gasoline inventories. Next week’s report should show a significant... 13th September 2017 · 1 min read
Energy Data Response US Weekly Petroleum Status Report Refinery shutdowns due to Hurricane Harvey caused a surge in crude oil stocks but a slump in gasoline inventories last week. Stocks are likely to be exceptionally volatile over the next month. 7th September 2017 · 1 min read
Metals Data Response South Africa’s Mine Production (Jul.) The weak July data for South Africa’s PGM mine output add to evidence that the market is tightening. We expect output to remain soft in the remainder of the year. 7th September 2017 · 1 min read
Energy Data Response US Weekly Petroleum Status Report A sharp drop in imports and jump in demand from refineries helped to drain stocks last week. But the market’s focus remains on the impact of Hurricane Harvey. 30th August 2017 · 1 min read
Metals Data Response Global Steel Production (Jul.) World Steel Association (WSA) data showed a 4.6% y/y rise in global steel production in January-July, with output rising in all major producers bar Japan. 24th August 2017 · 1 min read
Metals Data Response China and India gold imports (Jul.) The latest trade data for India and China show that gold imports started Q3 on a soft note. We think that demand will continue to weaken in the remainder of the year as slower growth in China and a... 24th August 2017 · 1 min read
Energy Data Response US Weekly Petroleum Status Report Another fall in US crude stocks means that inventories are now about 30 million barrels below last year’s level. Crude stocks are likely to continue to fall over the next few months as demand remains... 23rd August 2017 · 1 min read
Metals Data Response Global Aluminium Production (Jul.) According to the International Aluminium Institute (IAI), global primary aluminium output rose by just 1% y/y last month, down from 7.1% y/y a month earlier. 21st August 2017 · 1 min read
Energy Data Response US Weekly Petroleum Status Report Persistent strength in refinery runs led to the biggest weekly decline in commercial crude oil inventories so far this year. We expect stocks to continue to fall, which should support oil prices. 16th August 2017 · 1 min read
Metals Data Response South Africa’s Mine Production (Jun.) PGM output slumped in June as miners struggled with rising costs and falling metal content. We expect output to drop further in the second half of the year. 10th August 2017 · 1 min read
