India Chart Pack Demonetisation impact wearing off The latest economic data for India suggest that the most acute impact from the government’s demonetisation measures has now passed. Both the manufacturing and services PMI readings for February came... 23rd March 2017 · 1 min read
Energy Data Response US Weekly Petroleum Status Report US crude oil stocks jumped again last week due to a rise in imports, but there were further drops in inventories of gasoline and distillate fuel. 22nd March 2017 · 1 min read
Global Economics Update Could the world cope with another oil price slump? The recent drop in oil prices has raised the question of how the world economy would cope with a another sustained slump in prices. While some big oil producers would take a hit, and inflation would... 17th March 2017 · 1 min read
Commodities Weekly Optimism prevails, for now It has been an eventful week in commodity markets but, for the most part, prices have risen. The US 25bp rate hike on Wednesday was widely anticipated so markets chose to focus on the fact that the... 17th March 2017 · 1 min read
Energy Update Will OPEC extend its production cuts? Steadily rising crude stocks and falling prices have made it more likely that OPEC will prolong its production cuts beyond June. However, there are significant hurdles which will need to be overcome... 16th March 2017 · 1 min read
Energy Data Response US Weekly Petroleum Status Report Crude oil stocks declined slightly last week, after rising for nine consecutive weeks, as net imports fell sharply. Product stocks also continued to slump. 15th March 2017 · 1 min read
Middle East & North Africa Economics Update Saudi Arabia softening opposition to OPEC deal extension Saudi Arabia has continued to comply with its side of November’s OPEC agreement and recent comments from policymakers suggest that the Kingdom’s opposition to extending the deal beyond June is easing... 14th March 2017 · 1 min read
OPEC Watch OPEC production falls as compliance improves OPEC continued to reduce its production in February. However, the group also revised upwards its expectations for non-OPEC output. 14th March 2017 · 1 min read
Energy Update Has the stability in oil prices come to an end? A return to more normal levels of volatility in oil prices seems likely over the next few months as investors question the effectiveness of OPEC’s production cuts. However, we still expect prices to... 10th March 2017 · 1 min read
Energy Chart Pack Gas and coal prices fall but oil prices remain stable Oil prices were remarkably quiet in February. Indeed, the price of Brent moved by less than $2 per barrel during the month, but prices have fallen so far in March. February proved to be a more... 9th March 2017 · 1 min read
Energy Data Response US Weekly Petroleum Status Report Crude oil stocks rose sharply last week as imports and output increased and inputs to refineries fell. But product stocks declined by even more, as demand edged higher. 8th March 2017 · 1 min read
Commodities Weekly Commodity prices brace themselves for Fed tightening The big news this week was the ratcheting up of expectations of an imminent rate hike by the Fed, which weighed on most commodity prices. That said, the prices of US grains and soybeans rose, on... 3rd March 2017 · 1 min read
Energy Data Response US Weekly Petroleum Status Report US crude oil inventories increased again last week, for the eighth consecutive week. On the other hand, gasoline and distillate stocks fell. 1st March 2017 · 1 min read
Commodities Chart Pack Commodities hold on to their gains, despite uncertainty Most commodity prices traded in a narrow range last month, in the absence of clarity on developments in China (owing to the Lunar New Year Holiday) and on US policy direction. That said, the price of... 1st March 2017 · 1 min read
Commodities Weekly Commodities still looking for direction Commodity prices were broadly unchanged this week, aside from a few notable exceptions. Cobalt was the star performer as concerns about supply and expectations of strong demand led to a surge in... 24th February 2017 · 1 min read
Energy Data Response US Weekly Petroleum Status Report US crude oil inventories increased last week, marking seven weeks of consecutive gains, though at a slower rate. On the other hand, gasoline stocks fell. 23rd February 2017 · 1 min read
