Middle East & North Africa Economics Weekly OPEC+ set for crunch talks and Egypt’s fiscal reforms This weekend’s OPEC+ meeting could be a stick or twist moment with markets increasingly believing the group will roll over its quotas and voluntary cuts again. If quotas are extended, that risks... 30th May 2024 · 6 mins read
Middle East & North Africa Chart Pack Middle East and North Africa Chart Pack (May 2024) Low oil output in the Gulf has constrained economic growth so far this year and the upcoming OPEC+ meeting will prove pivotal to the outlook over the rest of this year. Elsewhere in Middle East and... 29th May 2024 · 1 min read
Australia & New Zealand Economics Focus Labor isn’t wrecking the economy just yet Labor’s regulatory push can’t be blamed for the recent slump in labour productivity and we aren’t convinced that it will hold back future productivity growth much either. Indeed, we still think that a... 28th May 2024 · 17 mins read
Commodities Weekly EU gas and carbon price rallies are on borrowed time The 12% rise in European natural gas prices this week bucked the trend of sharp falls in oil and precious metal prices. Nonetheless, with European gas demand set to stay subdued, and copious supplies... 24th May 2024 · 5 mins read
Industrial Metals Focus How metals-hungry will the green transition be? The metals-intensive nature of green technologies will add to demand for a host of industrial and battery metals, with green demand for copper and aluminium likely to grow twice as quickly as... 23rd May 2024 · 17 mins read
US Commercial Property Chart Pack US Commercial Property Chart Pack (Q2 24) Weak investment activity and continuing cap rate rises in Q1 fit with our view for another tough year for real estate. All-property values are now down by 17% from their mid-2022 peaks. But we still... 22nd May 2024 · 1 min read
Middle East & North Africa Economics Update Saudi GDP growth will hinge on OPEC+ decision After exiting recession in Q1, Saudi Arabia’s economy should continue to expand over the rest of this year on the back of strong private non-oil growth and higher oil output. But next month’s OPEC... 22nd May 2024 · 4 mins read
Middle East & North Africa Economics Update Iran’s succession plans unlikely to fix economic woes The death of Iran’s President Ebrahim Raisi yesterday creates greater uncertainty over the succession planning for the next Supreme Leader. But, taking a step back, the balance of political power... 20th May 2024 · 4 mins read
Energy Update US shale boom approaching a peak Having soared to a record high level under the Biden administration, we expect US shale oil output to peak this year before contracting in 2025, driven by a combination of further industry... 20th May 2024 · 4 mins read
Commodities Weekly OPEC sticks to its bullish oil demand forecast The second consecutive monthly reduction in the International Energy Agency’s (IEA) 2024 oil demand growth forecast this week further widened the wedge between the IEA’s and OPEC’s near-term outlooks... 17th May 2024 · 5 mins read
Industrial Metals Update Copper price upsurge will not be sustained The surge in copper prices today, to a record high of over $5/lb in trading on the New York commodities exchange (COMEX), is the latest twist in the eye-popping market rally and leaves prices looking... 15th May 2024 · 2 mins read
Commodities Weekly OPEC+ to roll-over?; China commodity imports up With less than a month to go until OPEC+ meets to decide upon its next policy move, rumours are heating up as to what its move will be. Last week, anonymous OPEC+ sources suggested that the 2.2... 10th May 2024 · 7 mins read
Middle East & North Africa Economics Weekly UAE ups the ante with OPEC, review of April’s PMIs The UAE has raised its oil production capacity even further in a sign that it wants to raise actual output. But with rumours growing that OPEC+ may extend its current low oil output quotas beyond June... 9th May 2024 · 7 mins read
Industrial Metals Update Zinc on the brink of a price fall The surplus in the zinc market will shrink a little this year, as recovering raw material supply and a pick-up in refined output is offset by a boost to demand from a cyclical recovery in China. That... 9th May 2024 · 3 mins read
Commodities Chart Pack Commodities Overview Chart Pack (May 2024) We think that oil prices have further to fall, as we expect OPEC+ to gradually increase output later this year. Prices have recently fallen as worries that the conflict in the Middle East could affect... 8th May 2024 · 1 min read
