Energy Update What could Trump’s budget mean for energy commodities? Donald Trump’s budget proposal is unlikely to dramatically alter the energy and oil markets, even if Congress does not significantly temper them. 23rd May 2017 · 1 min read
Energy Watch What would longer OPEC production cuts mean for oil prices? OPEC will almost certainly extend its production cuts by another nine months at its meeting next week. This Energy Watch looks at the impact that longer cuts in production would have on the oil market... 18th May 2017 · 1 min read
Energy Data Response US Weekly Petroleum Status Report US crude oil stocks fell for the sixth consecutive week as demand from refineries picked up. Inventories of gasoline and diesel also fell, despite demand remaining weak. 17th May 2017 · 1 min read
Global Economics Update Quick thoughts on the OPEC extension Oil prices jumped today following the announcement by Saudi Arabia and Russia that they favour extending the current production cuts until March 2018. Although this is not a game-changer for the oil... 15th May 2017 · 1 min read
Energy Update Longer OPEC production cuts to boost oil prices An extension of OPEC’s output cuts until the end of March 2018 should be more than enough to bring stocks down to their five-year average and push prices up, even if US output continues to pick up and... 15th May 2017 · 1 min read
Energy Update How will the crisis in Venezuela affect oil production? Continued weakness in Venezuela’s oil output this year should help the market to rebalance. In fact, the potential for further reductions in production represents an upside risk to prices. 11th May 2017 · 1 min read
Middle East & North Africa Economics Update Gulf likely to push back against calls for deeper oil output cuts This month’s dip in oil prices means that it is almost certain OPEC will agree to an extension to its oil output cuts into the second half of this year. But we think Saudi Arabia and the other Gulf... 11th May 2017 · 1 min read
OPEC Watch OPEC output falls below target OPEC’s production was relatively flat in April, but the group significantly increased its forecast of non-OPEC output this year again. Whilst this should not prevent the group from rolling over its... 11th May 2017 · 1 min read
Energy Data Response US Weekly Petroleum Status Report Crude oil stocks declined by the largest amount so far this year, in spite of increasing US oil production. Gasoline and distillate inventories also fell, as demand for petroleum products continued to... 10th May 2017 · 1 min read
Energy Update US gasoline consumption to accelerate after weak start We expect growth in US gasoline demand to pick up over the rest of the year as employment and wages rise. What’s more, a trend towards purchases of used cars and light trucks should offset reductions... 9th May 2017 · 1 min read
Middle East & North Africa Economics Update Gulf economies better placed to deal with low oil prices The recent fall in oil prices has reignited fears over the outlook for the Gulf, but as we explain in this Watch these countries are in a better position now to weather a period of low oil prices than... 8th May 2017 · 1 min read
Energy Chart Pack Geopolitics and OPEC dominate oil prices Geopolitical tensions were the main driver of oil prices in the first half of the month as the US fired missiles at Syria and ramped up rhetoric around North Korea. However, the market quickly... 5th May 2017 · 1 min read
Commodities Update Four reasons why the weakness in oil prices won’t last long The recent weakness in oil prices is largely due to concerns over persistently high US stocks and growing production there. However, the headline US crude stocks number is a little misleading and US... 5th May 2017 · 1 min read
Energy Data Response US Weekly Petroleum Status Report A sharp fall in the amount of oil in the US Strategic Petroleum Reserves (SPR) prevented commercial stocks from falling by as much as expected. 3rd May 2017 · 1 min read
Energy Data Response US Weekly Petroleum Status Report Crude oil stocks slumped for the third consecutive week as demand from refineries rose to its highest level on record. Meanwhile, both gasoline and distillate inventories increased sharply. 26th April 2017 · 1 min read
Energy Update Will the shake-up of the Brent oil benchmark affect prices? We expect the change in the method for assessing the Brent global benchmark to have a negligible effect on the price of Brent going forward. Rather, we anticipate fundamental factors such as stronger... 24th April 2017 · 1 min read
