Energy Update Will Saudi Arabia flood the oil market again? Looking beyond the headlines from the failed deal in Doha over the weekend there are two interesting points which are worth considering. First, the suggestion that Saudi Arabia could turn on the taps... 21st April 2016 · 1 min read
Energy Update Doha disappoints, but oil market likely to rebalance anyway The failure of Sunday’s meeting in Doha to freeze oil production has further undermined the credibility of OPEC. But it has very little impact on our outlook for supply over the rest of the year. We... 18th April 2016 · 1 min read
Energy Update Deal or no deal in Doha? We think that the risk of the oil market being disappointed by any deal to freeze production in Doha on Sunday is high, given that oil prices have rallied by over 10% in the last week alone. Any deal... 14th April 2016 · 1 min read
Energy Update US gasoline consumption to continue growing strongly Fuel consumption by US motorists is set to grow strongly again this year, despite a shaky start, as robust employment growth encourages more people to drive and demand for less fuel-efficient trucks... 8th April 2016 · 1 min read
Energy Update What are the chances of a deal in Doha to freeze oil output? Comments from a leading Saudi Arabian official on Friday have led markets to reassess the prospect of a deal being done in Doha later this month to freeze OPEC and Russian oil production. In our view... 4th April 2016 · 1 min read
Energy Update LNG prices to continue to struggle this year The balance of power in the liquefied natural gas (LNG) marketplace has shifted to the consumer given the ongoing ramp-up in supply and the fall in cost of competing fuels. Although spot LNG prices... 30th March 2016 · 1 min read
Energy Update Will oil prices continue to recover? The foundations of the recent recovery in oil prices look a little shaky and some temporary pull-backs may be inevitable. For now we are therefore leaving our end-2016 forecasts (for both Brent and... 23rd March 2016 · 1 min read
Energy Update Could there be a deal to freeze oil output without Iran? Russia’s announcement that it supports Iran’s right to increase production probably raises the chance of some sort of deal on freezing output. However, a credible and enforceable deal is far from... 15th March 2016 · 1 min read
Energy Update Recovery in US natural gas prices likely to be a slow-burner High stocks due to the exceptionally mild winter will prevent US gas prices from recovering much this year, but strong demand growth should set the scene for higher prices further down the line. 10th March 2016 · 1 min read
Energy Update Another five years of rejection for coal The draft outline of China’s latest five-year plan spells more bad news for global coal prices as the government focuses on energy efficiency and reducing carbon emissions, while continuing to support... 8th March 2016 · 1 min read
Energy Update What’s behind the rebound in oil prices? The rebound in the price of Brent crude to as high as $40 per barrel today is consistent with our end- 2016 and end-2017 forecasts of $45 and $60, respectively, so we would not want to argue with it... 7th March 2016 · 1 min read
Energy Update Higher Japanese coal demand won't stop prices falling The restart of Japan's nuclear power plants is likely to reduce the country's demand for oil and gas while also allowing a rebalancing of the remaining consumption of fossil fuels towards coal... 1st March 2016 · 1 min read
Energy Update How big a deal is the agreement to freeze oil output? The oil markets have given a lukewarm response to the tentative deal between Saudi Arabia and Russia to hold their output at its January levels. We are wary too, as it was unlikely that either country... 16th February 2016 · 1 min read
Energy Update Resilient production could keep oil prices lower for longer Even though we continue to think that oil prices will finish the year much higher than they started it, there is a growing risk that US shale producers will continue to defy forecasts of their demise. 11th February 2016 · 1 min read
Energy Update Focus on Brent hides greater weakness in OPEC’s prices The recent sharp falls and partial recovery in the price of Brent crude oil have grabbed the headlines. But focusing on Brent (or the traditional US benchmark WTI) alone doesn’t tell the whole story... 5th February 2016 · 1 min read
Energy Update Could Russia join OPEC in supporting oil prices? The jump in oil prices today (to a high of $35) on speculation that Saudi Arabia and Russia could soon agree to cut output is at least consistent with our forecasts of a rebound by year-end... 28th January 2016 · 1 min read
