Commodities Weekly Commodities hit by strong US data and Saudi comments Markets began the second quarter on Friday on a sour note, with sentiment undermined both by a weak Tankan survey in Japan and, rather perversely, by another robust Employment Report and a buoyant ISM... 1st April 2016 · 1 min read
Energy Watch How much does the weather matter for energy commodities? One of the strongest El-Niño’s on record has been largely to blame for the unusually mild winter weather recently. Indeed, last year was the warmest on record and February this year was the hottest... 31st March 2016 · 1 min read
Commodities Update US Weekly Petroleum Status Report US crude oil inventories hit a new record for the seventh consecutive time last week, despite a surge in inputs to refineries, a further drop in US oil production and lower imports. On the other hand... 30th March 2016 · 1 min read
Global Markets Update Yellen remarks underline the pivotal role of oil prices Despite the dovish spin put on Janet Yellen’s latest remarks, global markets will probably stillhave to contend with more Fed tightening this year. However, the prices of many commodities, including... 30th March 2016 · 1 min read
OPEC Watch US Weekly Petroleum Status Report US crude oil inventories hit a new record for the seventh consecutive time last week, despite a surge in inputs to refineries, a further drop in US oil production and lower imports. On the other hand... 30th March 2016 · 1 min read
Energy Update LNG prices to continue to struggle this year The balance of power in the liquefied natural gas (LNG) marketplace has shifted to the consumer given the ongoing ramp-up in supply and the fall in cost of competing fuels. Although spot LNG prices... 30th March 2016 · 1 min read
Commodities Weekly Markets pause for a reality check Industrial commodity prices have typically eased back in the past week in sympathy with other assets, as markets have reassessed the outlook for US interest rates and the dollar. In particular,... 24th March 2016 · 1 min read
Energy Chart Pack Oil prices surge as sentiment bounces back A weaker dollar, fading fears about the economies of both the US and China, combined with a positive turn in sentiment towards commodities and risky assets in general have helped to boost oil prices... 24th March 2016 · 1 min read
Energy Data Response US Weekly Petroleum Status Report US crude oil inventories hit a new record for the sixth consecutive time last week as a surge in imports filled storage tanks. On the other hand, gasoline stocks fell sharply and US crude oil... 23rd March 2016 · 1 min read
Energy Update Will oil prices continue to recover? The foundations of the recent recovery in oil prices look a little shaky and some temporary pull-backs may be inevitable. For now we are therefore leaving our end-2016 forecasts (for both Brent and... 23rd March 2016 · 1 min read
Commodities Weekly Fed’s apparent “dovishness” cheers the markets Commodities have benefited in the past week from a continued improvement in investor sentiment, helped by a relatively dovish statement from the US central bank which weakened the dollar further... 18th March 2016 · 1 min read
Canada Economics Weekly Canadian dollar rally won’t be sustained The recent rally in the Canadian dollar, which has been driven by rising oil prices and downgrades to the outlook for US interest rates, is unlikely to last beyond the middle of this year. Admittedly... 18th March 2016 · 1 min read
Energy Data Response US Weekly Petroleum Status Report US inventories of crude oil rose for the fifth consecutive time last week, despite a fall in US oil production and an increase in inputs to refineries. What’s more, gasoline stocks declined again as... 16th March 2016 · 1 min read
Commodities Update Investors become more sanguine on China Over the last few weeks, investors have appeared to come round to our long-held view that fears of a hard landing in China were overdone. Energy and metals prices, in particular, benefited from the... 16th March 2016 · 1 min read
Energy Update Could there be a deal to freeze oil output without Iran? Russia’s announcement that it supports Iran’s right to increase production probably raises the chance of some sort of deal on freezing output. However, a credible and enforceable deal is far from... 15th March 2016 · 1 min read
OPEC Watch OPEC production dips in February OPEC production fell in February. However, temporary pipeline outages were the cause of most of the decrease in supply, rather than any concerted effort to cut production. Indeed, it is likely that... 14th March 2016 · 1 min read
