Middle East & North Africa Chart Pack Few surprises expected at OPEC meeting This week’s OPEC meeting in Vienna is likely to pass without any major surprises. Policymakers should be a little happier heading into the meeting than they were at the previous one in December –... 31st May 2016 · 1 min read
Africa Chart Pack Nigeria: Crisis escalates The situation in Nigeria has deteriorated significantly over the past month. The latest national accounts figures show that the economy contracted by 0.4% y/y in Q1, a much worse outcome than had been... 30th May 2016 · 1 min read
Middle East & North Africa Economics Update Gulf equity markets stumble, despite oil rally Equity markets across the Gulf have struggled over the past month, in spite of a further recovery in oil prices. At the same time, speculation has increased that Saudi Arabia will devalue the riyal... 30th May 2016 · 1 min read
Commodities Weekly Rising oil doesn’t necessarily lift all prices Oil prices have continued to recover, with Brent at least briefly topping $50, but this positivity was not replicated across the board. Indeed, the recovery in oil probably contributed to the weakness... 27th May 2016 · 1 min read
Canada Economics Weekly Q2 slowdown isn’t just about Alberta wildfires After a strong start to the year, the economy likely ended the first quarter badly and we now believe that it shrank significantly this quarter, partly because of significant disruptions to oil... 27th May 2016 · 1 min read
Energy Update What are the prospects for Latin American oil? Declining output of crude in Latin America is one factor supporting our view that the global oil market will return to balance on a more sustainable basis by the end of 2016. That said, we think it is... 27th May 2016 · 1 min read
Africa Economics Update Nigeria: Analysing President Buhari’s first year The fall in global oil prices made an economic slowdown in Nigeria inevitable. But the country’s current crisis is largely self-inflicted. Government policy has made a bad situation much worse. 27th May 2016 · 1 min read
Global Economics Update Five quick points on Brent at $50 The recovery in oil prices should be a net positive for the global economy but is not without its downsides, including the support it might provide to the hawks at the Fed. 26th May 2016 · 1 min read
Energy Data Response US Weekly Petroleum Status Report A slight easing of refinery demand was overshadowed by a sizable drop in net oil imports which weighed on the level of US crude inventories last week. 25th May 2016 · 1 min read
India Chart Pack PM Modi's first two years end on a high note Two years on from his inauguration, Prime Minister Narendra Modi has arguably just enjoyed his most successful month in office. For a start, PM Modi's BJP secured two important legislative victories... 25th May 2016 · 1 min read
Commodities Weekly Fed jitters take some of the steam out of the rally Commodity prices fell back in the past week after the release of the minutes from the April FOMC signalled that US interest rates could yet rise as soon as next month. The markets are still only... 20th May 2016 · 1 min read
Energy Chart Pack Supply disruptions fuel oil price rally Oil prices have continued to rally over the last month, especially the US benchmark WTI, which has been boosted by the disruptions to supply in Canada. Indeed, these outages have more than offset the... 20th May 2016 · 1 min read
Energy Watch What to expect from next month’s OPEC meeting The next meeting of the Organisation of the Petroleum Exporting Countries (OPEC), on 2nd June, is unlikely to be as interesting as the previous one in December, when the group decided to effectively... 19th May 2016 · 1 min read
Energy Data Response US Weekly Petroleum Status Report A further increase in demand for oil from refineries and Canadian supply constraints were insufficient to reduce the level of crude inventories last week. 18th May 2016 · 1 min read
US Data Response Consumer Prices (Apr.) & Ind. Prod (Apr.) The 0.4% m/m increase in consumer prices was the biggest gain since February 2013 and reflects primarily a strong rebound in energy prices. More generally, the rebound in commodity prices we’ve seen... 17th May 2016 · 1 min read
Commodities Update Investors remain broadly positive Commodity price indices have risen in the last month, encouraged by the rally in oil prices. Although we are positive on the medium-term outlook for industrial commodity prices, we would caution that... 17th May 2016 · 1 min read
