Energy Watch China managing a coal market trilemma In this Energy Watch, we look at what recent policy changes mean for China’s coal market . The main take-away is that the changes should increase Chinese coal production and temper demand growth in... 16th November 2021 · 6 mins read
OPEC Watch OPEC Monthly Oil Market Report (Nov.) Although OPEC oil production increased in October, it remained significantly below the group’s target. And with little prospect of a meaningful increase in non-OPEC output in the near term, we... 11th November 2021 · 3 mins read
OPEC Watch OPEC Monthly Oil Market Report (Oct.) OPEC moved closer to its collective target output last month. However, it is now clear that if the group were to answer calls to raise output, it would involve abandoning the current quota system and... 13th October 2021 · 3 mins read
Commodities Watch Latest natural gas price surge will unwind At the time of writing, global natural gas prices are soaring. Dramatic moves in global natural gas prices are nothing new and not even very surprising given the extreme weather over the past year or... 1st October 2021 · 7 mins read
OPEC Watch OPEC Monthly Oil Market Report (Sep.) The rise in OPEC’s oil output fell well short of its target in August. And given a higher oil demand forecast for 2022, alongside growing external pressure, we think that the risks are tilting towards... 13th September 2021 · 3 mins read
Energy Watch Oil prices would still fall even if OPEC expands In this Energy Watch, we discuss the future of OPEC and its role in the oil market. While we suspect that its membership may expand, we think that its ability to influence oil prices will fall over... 19th August 2021 · 7 mins read
OPEC Watch OPEC Monthly Oil Market Report (Aug.) OPEC’s oil production soared in July as Saudi Arabia unwound the bulk of its voluntary output cut. Although OPEC left its demand forecast unchanged, we think that the near-term demand outlook has... 12th August 2021 · 3 mins read
Energy Higher OPEC+ production to weigh on oil prices The OPEC+ agreement, signed yesterday, should help to stabilise oil prices and we expect Brent crude to trade in a narrow band of between $70 and 75 per barrel over next six months. But we expect... 19th July 2021 · 3 mins read
OPEC Watch OPEC Monthly Oil Market Report (July) OPEC’s oil production increased sharply in June, primarily because Saudi Arabia continued to unwind its voluntary production cut. Output should rise further in July on the back of larger quotas, and... 15th July 2021 · 3 mins read
OPEC Watch OPEC Monthly Oil Market Report (June) OPEC’s oil production increased sharply in May on the back of higher quotas and Saudi Arabia starting to phase out its voluntary production cut. Production will rise again in both June and July in... 10th June 2021 · 3 mins read
Commodities Watch How the American Jobs Plan could affect commodities In this Commodities Watch, we take a first look at some of the most important features of President Joe Biden’s $2 trillion infrastructure package, known as the American Jobs Plan, from a commodities... 14th May 2021 · 11 mins read
OPEC Watch OPEC Monthly Oil Market Report (May) OPEC’s overall production was largely unchanged in April, as most producers remained disciplined. However, compliance could slip later in the year if we are right and there is a surge in demand. 11th May 2021 · 3 mins read
OPEC Watch OPEC Monthly Oil Market Report (Apr.) OPEC oil production rose a touch in March. We expect that the group’s production will hold steady throughout April, as existing quotas remain in place, but that it will increase thereafter as quotas... 13th April 2021 · 3 mins read
Metals Watch The outlook is brighter for palladium than platinum In this Metals Watch, we examine the outlook for supply and demand of platinum and palladium to determine the direction of their prices over the next couple of years. 24th March 2021 · 5 mins read
OPEC Watch OPEC Monthly Oil Market Report (Mar.) Saudi Arabia’s 1m bpd voluntary production cut meant that OPEC oil production plummeted in February. We expect OPEC production to remain low in March and April as Saudi Arabia continues its voluntary... 11th March 2021 · 3 mins read
Commodities Watch Taking stock of China’s agricultural “buying spree” In this Commodities Watch, we consider the impact that the recent surge in Chinese agricultural commodity imports has had on prices and whether it will be sustained. In our view, the rapid growth in... 26th February 2021 · 6 mins read
