Middle East & North Africa Chart Pack Saudi Arabia hints at OPEC deal extension Recent comments from Saudi Arabia’s Oil Minister, Khalid al-Falih, suggest that OPEC is edging towards an agreement to extend its oil production cuts when it meets in Vienna next month. Having ruled... 21st April 2017 · 1 min read
India Economics Update Rupee surges to 20-month high The rally in the Indian rupee since the start of 2017 has continued in recent weeks, driving the currency to its highest rate against the US dollar in almost two years. While we doubt that the rally... 21st April 2017 · 1 min read
Energy Update How concerned should the oil market be about rising tensions? The increase in political tensions in the Middle East and North Korea had given oil prices a bit of a boost, but this already seems to have faded. Indeed, barring a dramatic escalation of the... 20th April 2017 · 1 min read
Energy Data Response US Weekly Petroleum Status Report The continued rebound in refinery activity led to a modest fall in US crude oil stocks and a rise in gasoline stocks last week. 19th April 2017 · 1 min read
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
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 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
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
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
Energy Update Europe’s oil demand should continue to grow in 2017 Robust economic growth in Europe’s key economies should support oil demand this year. Indeed, a pickup in global economic growth is likely to help to absorb the excess oil supplies in the market which... 28th March 2017 · 1 min read
Middle East & North Africa Economics Update Saudi economy slows on back of oil output cuts Our GDP Tracker suggests that Saudi Arabia’s economy slowed at the start of this year, which was entirely due to oil production cuts. There has been better news on the non-oil economy, where easing... 27th March 2017 · 1 min read
Energy Watch Are we too bullish on oil prices? Steadily rising crude stocks have sent prices tumbling recently. This Energy Watch looks at whether our assumptions about OPEC, US shale oil production and demand are still valid and where the... 24th March 2017 · 1 min read
