OPEC Watch OPEC output surges again Another surge in production in Nigeria and Libya boosted total OPEC production last month. Looking ahead, the group expects non-OPEC supply growth to accelerate next year. 12th July 2017 · 1 min read
Commodities Watch How important is Africa for agriculturals? Given Africa’s large size and geographic diversity, most of the world’s key agricultural commodities are produced somewhere on the continent. In this Commodities Watch, we first discuss the importance... 28th June 2017 · 1 min read
Metals Watch Copper price to struggle The price of copper has been trading in a fairly narrow range in the last few weeks, but is still significantly higher than at the start of 2016. In this Metals Watch, we discuss the main drivers of... 26th June 2017 · 1 min read
OPEC Watch OPEC output jumps Higher production in Nigeria and Libya boosted total OPEC production last month. However, stocks continued to fall and the group revised down its expectations for non-OPEC output this year. 13th June 2017 · 1 min read
Energy Watch What do the next eighteen months hold in store for oil prices? Crude oil prices have slumped again recently, despite OPEC agreeing to extend its output cuts by nine months. This Energy Watch sets out our view on what will happen to supply and demand over the next... 12th June 2017 · 1 min read
Metals Watch As good as it gets for Chinese steel Chinese steel prices have been on a roller-coaster since the start of this year, as investor sentiment on the outlook for demand waxed and waned. In this Metals Watch, we take an in-depth look at the... 30th May 2017 · 1 min read
OPEC Watch OPEC extends output cuts by nine months As was widely expected, OPEC announced earlier today that it, together with Russia and some other non-OPEC producers, would be extending their output cuts by nine months, until the end of March 2018... 25th May 2017 · 1 min read
Commodities Watch WASDE projections a mixed bag for agriculturals On the 11th May, the US Department of Agriculture (USDA) published its first projections for the 2017/18 season. In this Commodities Watch, we discuss the USDA estimates and what they mean for our... 22nd May 2017 · 1 min read
Energy Watch What would longer OPEC production cuts mean for oil prices? OPEC will almost certainly extend its production cuts by another nine months at its meeting next week. This Energy Watch looks at the impact that longer cuts in production would have on the oil market... 18th May 2017 · 1 min read
OPEC Watch OPEC output falls below target OPEC’s production was relatively flat in April, but the group significantly increased its forecast of non-OPEC output this year again. Whilst this should not prevent the group from rolling over its... 11th May 2017 · 1 min read
Commodities Watch Poor prospects for the price of palm oil The price of palm oil has been falling so far in 2017, in tandem with most other agricultural commodities. In this Commodities Watch, we will discuss whether the recent price weakness is justified by... 10th May 2017 · 1 min read
Metals Watch Will Fed tightening prove too strong a headwind for gold? The resilience in the price of gold this year has come as a surprise given the prospect of further monetary tightening in the US. Safe-haven demand appears to have been the main driver of prices. But... 8th May 2017 · 1 min read
OPEC Watch OPEC output falls, but mainly due to supply disruptions OPEC production fell in March but output in the group’s de-facto leader, Saudi Arabia, increased. What’s more, OPEC now expects even faster production growth in the US this year. The OPEC Monthly Oil... 12th April 2017 · 1 min read
Commodities Watch Three cheers for the price of lumber The US price of lumber has risen by close to 20% since the start of the year, following an increase of over 20% in 2016. Over the course of last year, the price was playing catch-up with developments... 31st March 2017 · 1 min read
Metals Watch How will input costs affect aluminium prices? There are many drivers of the price of aluminium, including demand, supply and investor sentiment. However, in this Metals Watch, we are going to focus on the supply-side. In particular, we are going... 27th March 2017 · 1 min read
Energy Watch Are we too bullish on oil prices? Steadily rising crude stocks have sent prices tumbling recently. This Energy Watch looks at whether our assumptions about OPEC, US shale oil production and demand are still valid and where the... 24th March 2017 · 1 min read
