Commodities Weekly Algiers unlikely to be a game-changer For the most part, commodity prices have risen this week, boosted by some weakness in the US dollar. The Fed's decision on Wednesday to keep interest rates on hold weighed on the US currency. That... 23rd September 2016 · 1 min read
Middle East & North Africa Chart Pack Saudi Arabia likely to stick with fiscal austerity There have been signs in recent weeks that the sharp slowdown in the Saudi economy caused by fiscal austerity may have prompted the authorities to look at alternative solutions to deal with the... 22nd September 2016 · 1 min read
Energy Update What to make of promises of more output from Libya and Nigeria Planned increases in output from Libya and Nigeria makes it even less likely that major oil producers will agree an output freeze next week in Algeria. But the output gains will have to be sustained... 22nd September 2016 · 1 min read
Energy Data Response US Weekly Petroleum Status Report (21st Sep. 16) US crude oil stocks fell sharply last week. However, imports and production rose whilst demand from refineries slipped back. Gasoline stocks also declined as demand jumped and output from refineries... 21st September 2016 · 1 min read
Commodities Update Dollar strength weighs on sentiment A stronger dollar, a reduction in risk appetite and a scaling back of expectations that oil producers will actually limit output made it a tough month for most commodities. However, the price of gold... 20th September 2016 · 1 min read
India Economics Update Domestic factors unlikely to cause rupee slump The rupee has been stable against the US dollar in recent months. Looking ahead, suggestions that domestic factors, including calls from within government for a devaluation of the currency and the RBI... 20th September 2016 · 1 min read
Commodities Weekly Attention to return to the Fed The price of oil has taken a hit this week as hopes faded of an OPEC-led agreement between producers to freeze output. However, other industrial commodities performed somewhat better, buoyed by the... 16th September 2016 · 1 min read
Energy Update Spare oil production capacity ample for now We think that concerns about the lack of spare capacity in the oil market are overdone as supply is already ample and stocks are high. However, as the market tightens over the next few years, low... 15th September 2016 · 1 min read
Energy Data Response US Weekly Petroleum Status Report (14th Sep. 16) US inventories of crude oil fell last week as imports rebounded by less than expected after the previous week’s hurricane-related disruptions. On the other hand, stocks of gasoline and distillates... 14th September 2016 · 1 min read
Middle East & North Africa Economics Update Will economic pain prompt a shift in Saudi oil policy? The slowdown in Saudi Arabia’s economy has prompted the authorities to soften their opposition to a deal to freeze oil output. While a deal is more likely than it was earlier this year, there are... 14th September 2016 · 1 min read
Energy Watch OPEC’s past form points to disappointment in Algiers Speculation about a potential deal to freeze output at the unofficial OPEC meeting at the end of September has been largely responsible for the increase in oil prices over the past month. This Energy... 13th September 2016 · 1 min read
OPEC Watch OPEC pushes back market rebalancing OPEC production remained at near-record highs in August. What’s more, the group revised up its estimate of non-OPEC output for both this year and next. 12th September 2016 · 1 min read
Commodities Weekly A roller-coaster week for oil The price of oil has alternately surged and plunged this week, buffeted by a sharp (but probably temporary) fall in US stocks and speculation about prospects for supply. Indeed, stability in prices... 9th September 2016 · 1 min read
Energy Data Response US Weekly Petroleum Status Report (8th Sep. 16) US crude stocks fell by the second largest amount on record last week. However, this was almost entirely due to a drop in imports which may rebound next week. 8th September 2016 · 1 min read
Middle East & North Africa Economics Update Saudi Arabia: revisiting the hit from lower oil prices Saudi Arabia’s upcoming Eurobond issuance has thrust the country’s finances back under the spotlight. Overall, the hit from lower oil prices has been significant – annual oil export revenues are down... 6th September 2016 · 1 min read
Energy Update What to make of Russia and Saudi Arabia’s statement on oil The statement by Russia and Saudi Arabia earlier today that the two countries have agreed to work together to try to stabilise the oil market did very little to justify the almost 6% surge in oil... 5th September 2016 · 1 min read
