Energy Update Stronger economic growth to support oil demand A pick up in global growth over the next few years, especially in major oil consuming countries, should help demand for oil to remain strong rather than tail off. This in turn should support oil... 30th November 2015 · 1 min read
Energy Update Energy commodities all fall foul of oversupply Whilst the current oversupply in the oil market has received the most media attention, excess production, despite the recent price falls, is a common theme across all energy commodities. In addition... 24th November 2015 · 1 min read
Energy Update What do the weekly changes in US oil stocks actually tell us? Changes in US weekly crude oil stocks are most influenced by variations in net crude imports, which are extremely volatile. This means it is difficult to make inferences about prices just by looking... 20th November 2015 · 1 min read
Energy Update Risks to Middle East oil supplies remain high Ample global supply of oil means that prices are no longer incorporating much of a risk premium. However, the potential for disruption is still high and lack of spare capacity mean that prices could... 17th November 2015 · 1 min read
Energy Update Demand growth to help soak up excess oil supplies Growth in demand for oil should remain strong over the next few years, despite concerns about slower growth in emerging economies. However, in the long term demand will be constrained by improvements... 13th November 2015 · 1 min read
Energy Update What do China’s statistical revisions mean for coal prices? Whilst the latest revisions to China’s coal demand statistics raise more questions about the reliability of official data, we don’t think they change the big picture of falling coal demand and weaker... 10th November 2015 · 1 min read
Energy Update What does the Keystone XL veto mean for oil prices? The recently-vetoed Keystone XL pipeline would have provided a relatively cheap means for Canadian producers to transport oil to refineries in the US where it could be processed for sale. As such, the... 9th November 2015 · 1 min read
Energy Update US gas market vulnerable to a correction if cold weather hits High stocks and forecasts of a mild winter have driven down US natural gas prices recently, but given slowing production growth, rising demand and the unpredictability of the weather, we think that... 30th October 2015 · 1 min read
Energy Update Have fossil fuels burnt out? Fossil fuels should continue to be the world’s most important energy source for the foreseeable future. However, renewable energy production will grow rapidly and become an increasingly large part of... 27th October 2015 · 1 min read
Energy Update OPEC “technical meeting” unlikely to change policy The most likely outcome from tomorrow’s meeting of OPEC plus some selected guests is pledges to share more information between OPEC and other oil producers. Venezuela’s and others’ calls for a cut in... 20th October 2015 · 1 min read
Energy Update Long-term outlook for US natural gas prices still bright We remain positive on the outlook for US natural gas prices over the next few years, despite the current weakness, as the cleaner fuel should continue to take market share from coal. 14th October 2015 · 1 min read
Energy Update What role has the Syrian crisis played in lifting oil prices? The rebound in oil prices can largely be explained by an improvement in sentiment toward demand and mounting evidence of cuts in non-OPEC supply. Admittedly, the escalation of Russia’s military... 12th October 2015 · 1 min read
Energy Update Digging deeper into China’s coal demand We think that the market is still underestimating the weakness in China’s demand for coal and expect prices to continue to fall over the next few years as this becomes more apparent. 12th October 2015 · 1 min read
Energy Update Cuts in investment to help oil prices recover Lower investment in oil exploration and production will lead to a sharp drop in growth in non-OPEC output over the next few years, especially from unconventional sources such as deep water and tar... 5th October 2015 · 1 min read
Energy Update Coal prices still have further to fall We think that coal prices will probably continue to decline over the next few years as demand is diminished by competing fuels and environmental concerns, especially in China. In addition, supply... 22nd September 2015 · 1 min read
Energy Update Five key numbers for crude oil markets The oil market is inundated with thousands of different statistics regarding production, consumption and trade on a daily basis. In this Update we pick five figures which we consider to be the most... 18th September 2015 · 1 min read
