Energy Data Response US Weekly Petroleum Status Report Crude oil stocks fell last week for only the second time this year as net imports declined and inputs to refineries increased. Meanwhile, inventories of petroleum products continued to fall. 12th April 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
Industrial Metals Update Stocks edge lower There was a general drawdown of stocks over the last month, albeit on a relatively small scale. The main exception was inventories of tin, which have fallen by nearly 25% in the last four weeks... 11th April 2017 · 1 min read
Energy Update Is the oil market as oversupplied as US crude stocks imply? Relentless growth in inventories of US crude oil caused prices to slump in March. However, the headline stocks figures are potentially a little misleading and we think that the market is probably... 10th April 2017 · 1 min read
Commodities Weekly Risk aversion may prove temporary The prices of most industrial commodities fell on Friday as investors turned more risk averse in the wake of the US missile attack on a Syrian air base. The main exceptions were the prices of oil and... 7th April 2017 · 1 min read
Precious Metals Update Central banks’ gold demand wanes The latest data show only a slight increase in central banks’ holdings of gold in February. We anticipate that this weakness will persist throughout 2017. 7th April 2017 · 1 min read
Commodities Update What does the US strike on Syria mean for commodities? The potential for further escalation of the conflict in Syria has boosted the prices of oil and gold today. But taking a step back, OPEC supply cuts and growth in demand should be the main drivers of... 7th April 2017 · 1 min read
Commodities Update Some wider implications of a rebound in shale activity Demand for tubular steel and distillates in the US is likely to receive a boost from the ongoing revival in oil drilling activity. This will be a factor supporting prices, at least in the US market. 6th April 2017 · 1 min read
Energy Chart Pack Volatility returns to oil prices Oil prices broke out of the relatively narrow trading range they had been in for the last few months at the start of March as investors became concerned about the effectiveness of OPEC’s deal to cut... 5th April 2017 · 1 min read
Energy Data Response US Weekly Petroleum Status Report Crude oil stocks swelled last week contrary to expectations as production grew and exports slipped back. However, inventories of petroleum products still fell. 5th April 2017 · 1 min read
Metals Chart Pack Metals prices still holding on There were some signs of fading investor enthusiasm for industrial metals last month. Although January-February economic data out of China were encouraging, the shift in timing of the Lunar New Year... 5th April 2017 · 1 min read
Commodities Chart Pack A month of two halves After a weak start to the month, the prices of both gold and oil subsequently rebounded, despite the Fed’s decision to hike interest rates. The accompanying dovish statement lowered expectations of... 3rd April 2017 · 1 min read
Commodities Weekly Oil bounces back The price of oil jumped this week on a combination of renewed fighting in Libya which disrupted oil production and speculation that OPEC members will extend their output cuts beyond the June deadline... 31st March 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
Industrial Metals Update Investors turn more bearish on metals Sentiment towards metals has soured somewhat over the past few weeks. We think that, in some cases valuations still look stretched, given prospects for further monetary tightening in the US and softer... 29th March 2017 · 1 min read
Energy Data Response US Weekly Petroleum Status Report US crude oil stocks rose slightly last week, however there were further drops in inventories of gasoline. 29th March 2017 · 1 min read
