Emerging Europe Economics Update Dissecting Russia’s new fiscal rule Russia’s new “fiscal rule”, which takes effect this week, is unusual insofar as it governs how the budget deficit is financed, rather than anchoring either the size of the deficit or the scale of... 1st February 2017 · 1 min read
Commodities Chart Pack Commodities keep their cool Commodity prices were remarkably stable in January, considering the flurry of executive orders by the new US president, Donald Trump. Data showing that China ended 2016 on a strong note was a key... 1st February 2017 · 1 min read
Energy Focus Will the oil market rebalance in 2017? There are a number of risks which could see oil prices slump back below $40 per barrel in the first half of this year. However, our central forecast is that the prices of Brent and WTI will dip a... 31st January 2017 · 1 min read
Commodities Weekly Industrials continue to do well The prices of the more industrial commodities generally fared better this week, with a few notable exceptions in nickel and palladium. Optimism about demand continues to support prices. Indeed, this... 27th January 2017 · 1 min read
Commodities Update Optimism prevails, for now For the most part, commodity prices have started the year strongly, buoyed by persistent optimism about demand and some weakness in the US dollar. However, we are concerned that, in some cases, prices... 26th January 2017 · 1 min read
Energy Data Response US Weekly Petroleum Status Report Inventories of both crude oil and gasoline grew last month as demand for both fuels remained weak. 25th January 2017 · 1 min read
Commodities Weekly Commodity prices take a breather The prices of most commodities eased back this week. Agricultural commodities fared slightly better, primarily on the back of weather-related concerns about supply. Data released on Friday confirming... 20th January 2017 · 1 min read
Energy Update Higher Chinese oil demand to help rebalance the market Despite a slowdown in economic growth in China from its high at the end of 2016, we expect the country’s oil demand to rise this year. 20th January 2017 · 1 min read
Energy Data Response US Weekly Petroleum Status Report Inventories of both oil and gasoline rose last week as demand slumped. Gasoline demand has been negatively impacted by higher prices and colder weather. 19th January 2017 · 1 min read
India Economics Update Decent start to 2017 Financial markets in India have made a relatively bright start to 2017. The rupee and bond yields have been stable, while equities have rallied so far in January. Looking ahead however, prospects are... 19th January 2017 · 1 min read
OPEC Watch Nigeria and Saudi Arabia pull OPEC output lower OPEC oil production fell last month, but this was partly due to temporary disruptions in Nigeria. Meanwhile, the group expects non-OPEC output to increase this year. 18th January 2017 · 1 min read
Commodities Weekly Volatility returns to commodity markets After a quiet start to 2016, commodity markets have sprung into life. Late in the week, comments by OPEC members that they would deepen output cuts and possibly extend them until the end of 2017... 13th January 2017 · 1 min read
Energy Data Response US Weekly Petroleum Status Report US crude stocks swelled last week as production and imports surged. Gasoline stocks also grew as refinery runs increased, but demand remained subdued. 11th January 2017 · 1 min read
Commodities Weekly Commodities looking for direction It has been a quiet start to 2017 in commodity markets. Investors appear to be taking a wait-and-see approach, ahead of the inauguration of President-elect Trump and more clarity on his policy... 6th January 2017 · 1 min read
Energy Data Response US Weekly Petroleum Status Report US crude inventories plummeted last week as imports slumped. In contrast, gasoline stocks surged as demand waned. 5th January 2017 · 1 min read
Latin America Economics Update Fuel inflation spike won’t halt downward trend in headline rates Fuel inflation is set to spike in Latin America over the next few months. In most countries, this will be more than offset by the disinflationary forces caused by the stabilisation of exchange rates... 5th January 2017 · 1 min read
