Metals Global Steel Production (Jan.) Global steel production fell in y/y terms in January, driven by a double-digit contraction in China. It appears that subdued demand in China is acting as a constraint on output. Our expectation of... 22nd February 2022 · 2 mins read
Metals Data Response Global Aluminium Production (Jan.) Global aluminium output fell by 4.5% y/y in the first month of 2022. A combination of high power prices in Europe and the New Year festival in China dragged down refined aluminium production. Looking... 21st February 2022 · 2 mins read
Energy Data Response US Weekly Petroleum Status Report Commercial stocks in the US rose last week as refinery inputs fell and net imports increased. However, stocks in the WTI storage hub of Cushing, Oklahoma, dwindled further, causing WTI prices to rise... 16th February 2022 · 2 mins read
Energy Data Response US Weekly Petroleum Status Report Crude oil and product stocks fell last week, reflecting robust US demand. However, we think growth in product demand will slow over the course of this year in tandem with slower growth in the US... 9th February 2022 · 2 mins read
Energy Data Response US Weekly Petroleum Status Report Product demand remains very strong for the time of the year and, if gasoline demand mounts a recovery once COVID-19 cases moderate, it could get even stronger. Although, we expect that slowing... 2nd February 2022 · 2 mins read
Energy Data Response US Weekly Petroleum Status Report The surge in oil demand included the first signs of a recovery in transport-related gasoline demand. Although, we doubt demand will remain this buoyant for too long as economic growth is set to slow. 26th January 2022 · 2 mins read
Metals Data Response Global Aluminium Production (Dec.) Although global aluminium output fell in y/y terms in December, it still grew strongly over 2021. The lifting of power restrictions in China has helped increase global output despite a reduction in... 20th January 2022 · 2 mins read
Energy Data Response US Weekly Petroleum Status Report Commercial crude stocks slumped last week, reflecting a partial recovery in demand. However, we think demand will remain under pressure as COVID-19 cases rise in the US and as economic growth slows. 12th January 2022 · 2 mins read
Energy Data Response US Weekly Petroleum Status Report Commercial crude oil stocks fell, but this reflected solid demand from refineries. Implied product demand – particularly for gasoline – slumped, suggesting that the public were cautious about travel... 5th January 2022 · 2 mins read
Energy Data Response US Weekly Petroleum Status Report Commercial crude oil stocks fell sharply last week for the fourth week in a row. That was despite demand for oil products dropping back in line with the seasonal average. Early indicators suggest... 22nd December 2021 · 2 mins read
Metals Data Response Global Steel Production (Nov.) Global steel production contracted in y/y terms in November, mainly owing to depressed output in China. Although China’s power rationing came to an end last month, there are no signs of an upturn in... 22nd December 2021 · 2 mins read
Metals Data Response Global Aluminium Production (Nov.) Despite a y/y fall in global aluminium output in November, it is still up strongly year-to-date. And it is likely to rise again from here as power restrictions in China are lifted and high prices... 20th December 2021 · 2 mins read
Energy Data Response US Weekly Petroleum Status Report Commercial crude oil stocks slumped last week as domestic demand strengthened and exports jumped. The decline in commercial stocks also came as strategic petroleum reserves fell. In the final weeks of... 15th December 2021 · 2 mins read
Energy Data Response US Weekly Petroleum Status Report US commercial stocks remained range-bound, but there were sizeable additions to stocks of petroleum products. That said, implied product demand remains solid, despite rising new COVID-19 infections... 8th December 2021 · 2 mins read
Energy Data Response US Weekly Petroleum Status Report US commercial stocks fell as, despite some chunky falls in product demand, US demand is still outstripping supply. Although, the release did shows signs that crude production might finally be... 1st December 2021 · 2 mins read
Energy Data Response US Weekly Petroleum Status Report US commercial stocks rose due to a pre-planned release of reserves and a large drop in exports. But the bigger picture is that product demand remains healthy, adding pressure to a tightening market. 24th November 2021 · 2 mins read
