Energy Data Response US Weekly Petroleum Status Report Commercial crude stocks surged last week at the fastest pace since February 2021, as net imports rose and disruption to refineries lingered from the recent cold weather disruption. Going forward, a... 11th January 2023 · 3 mins read
Energy Data Response US Weekly Petroleum Status Report Commercial crude stocks rose last week due to refinery closures in the wake of the extremely cold weather. But this should be short-lived, with most refinery plants back online soon. 5th January 2023 · 3 mins read
Energy Data Response US Weekly Petroleum Status Report Commercial crude stocks rose last week owing to a rebound in net imports, which was largely the result of the reopening of the Keystone pipeline. More interesting was the jump in implied product... 29th December 2022 · 3 mins read
Metals Data Response Global Steel Production (Nov.) Global steel output is now firmly in contractionary territory by any measure. With several headwinds unlikely to relent soon, it is likely that output will weaken even further from here. 22nd December 2022 · 2 mins read
Energy Data Response US Weekly Petroleum Status Report This week’s report showed a sizeable drop in commercial crude stocks as net imports fell sharply. With US production unlikely to rise by much and plans for strategic reserves to be refilled next year... 21st December 2022 · 3 mins read
Metals Data Response Global Aluminium Production (Nov.) A low base in 2021 is driving an increase in global aluminium output this year, but the bigger picture is that growth in supply is slowing as high power costs and soft demand take their toll. 20th December 2022 · 2 mins read
Energy Data Response US Weekly Petroleum Status Report While this week’s report revealed a whopping increase in commercial stocks, prices were up a little following the release. Instead, most attention is on the latest oil demand forecasts from OPEC and... 14th December 2022 · 3 mins read
Energy Data Response US Weekly Petroleum Status Report Commercial crude stocks fell again, but there were some chunky builds in product stocks. Given the rise in stocks, product prices should fall further, which will eventually lead to lower refinery... 7th December 2022 · 3 mins read
Energy Data Response US Weekly Petroleum Status Report Commercial crude stocks plunged as the refinery utilisation rate rose, net imports fell sharply and strategic reserve releases continued to wind down. However, signs of lower domestic product demand... 30th November 2022 · 3 mins read
Energy Data Response US Weekly Petroleum Status Report Commercial crude stocks fell for a second consecutive week and are likely to come under further pressure if strategic reserve releases wind down. Despite this, oil prices slid on demand worries and as... 23rd November 2022 · 5 mins read
Metals Data Response Global Steel Production (Oct.) Global steel production growth is deteriorating a bit faster than we had thought. Even very flattering base effects failed to keep steel output growth in positive territory. With global economic... 22nd November 2022 · 2 mins read
Metals Data Response Global Aluminium Production (Oct.) While the latest year-on-year increase in global aluminium production is suggestive of an improving supply environment, output actually fell in absolute terms and probably has further to fall from... 21st November 2022 · 2 mins read
Energy Data Response US Weekly Petroleum Status Report Oil prices were little swayed by the latest EIA data showing the biggest decline in commercial crude stocks in about three months last week, given that the data were similar to industry data released... 16th November 2022 · 3 mins read
Energy Data Response US Weekly Petroleum Status Report Commercial crude stocks rose this week even though more crude was used by refiners. And despite the increase in refining output, gasoline and distillate stocks fell on strong demand. We think demand... 9th November 2022 · 2 mins read
Energy Data Response US Weekly Petroleum Status Report Last week’s fall in commercial and strategic crude stocks dragged total reserves to their lowest level since November 2001, contributing to a rise in prices today. Gasoline and distillate stocks also... 2nd November 2022 · 3 mins read
Energy Data Response US Weekly Petroleum Status Report US commercial crude stocks rose last week, as drawdowns from the Strategic Petroleum Reserve boosted commercial stocks. But the big news was that crude exports rose to a record high, probably... 26th October 2022 · 3 mins read
