Commodities Update Three reasons to be wary of the latest surge in oil prices The continued recovery in the price of crude oil has lifted Brent close to $50 per barrel, prompting a wave of positive headlines and upward revisions to analysts’ forecasts. However, for now we are... 16th May 2016 · 1 min read
Africa Economics Update Nigeria: Oil disruptions add to economic woes The sharp fall in Nigeria’s oil production could, if sustained, shave more than 1%-pt off GDP growth this year. Lower oil output will also add to the country’s fiscal and current account problems. 16th May 2016 · 1 min read
OPEC Watch Latest OPEC Report offers no surprises Although OPEC production rose last month, the increase was contained by numerous supply disruptions. This suggests that, once the outages have been resolved, output will grow more strongly, as... 13th May 2016 · 1 min read
Commodities Weekly Oil up on supply outages, metals down on demand fears The stronger US dollar and renewed concerns about the robustness of the credit-led recovery in China’s economy weighed on metals prices this week. However, oil benefited from the disruptions to supply... 13th May 2016 · 1 min read
Commodities Watch Commodities Watch - WASDE more bearish than bullish for agriculturals In this new monthly publication, we intend to focus on key developments in agricultural commodities as well as draw on the more in-depth analysis from our Energy and Metals services. This month, we... 13th May 2016 · 1 min read
Commodities Update Will copper continue to underperform oil? We expect the recent under-performance of copper prices relative to oil to be reversed over the remainder of the year. Oil prices have been boosted by supply outages which should prove temporary... 13th May 2016 · 1 min read
Africa Economics Update Nigeria: FX comments, fuel price hikes offer hints of reform The vice president’s comments regarding a possible change to Nigeria’s currency regime suggest that policy elites may not be as opposed to a devaluation as many believe. Claims that Nigeria’s fuel... 12th May 2016 · 1 min read
Energy Update European gas prices will undershoot oil price recovery We are forecasting that the price of Brent Crude will reach $60 per barrel by the end of next year, but there are several reasons why we do not expect European natural gas prices to experience a... 12th May 2016 · 1 min read
Energy Data Response US Weekly Petroleum Status Report A sharp increase in demand for crude from refineries helped to reduce the amount of crude in storage last week. 11th May 2016 · 1 min read
Energy Update Oil production outages supporting prices, for now Disruptions to oil output around the world have put the brakes on the slide in oil prices since the beginning of this month. However, these production outages should only be temporary. When output is... 10th May 2016 · 1 min read
Energy Watch Oil price rally could be sowing seeds of its own destruction The recent rally in oil prices has been stronger than even we had anticipated. However, prices have already fallen back slightly from their recent peak and we would not be surprised to see some... 5th May 2016 · 1 min read
Energy Data Response US Weekly Petroleum Status Report US crude stocks rose again last week despite US oil production experiencing its largest weekly decline this year, and a rise in inputs to refineries. 4th May 2016 · 1 min read
Commodities Chart Pack It’s all about the dollar Commodity prices rose again in April on a combination of persistent weakness in the US dollar and investor optimism about a recovery in Chinese demand. While our long-held view has been that... 3rd May 2016 · 1 min read
Energy Chart Pack Oil leads the way up Oil prices continued to rally in April as sentiment improved further on the back of hopes that the oil market will rebalance later in the year. Indeed, better economic data out of China supported the... 29th April 2016 · 1 min read
Commodities Outlook Medium-term prospects remain bright The recent rebounds in many commodity prices have been stronger than even we had anticipated and may be premature. We would not therefore be surprised – or that worried – to see some temporary pull... 29th April 2016 · 1 min read
Energy Data Response US Weekly Petroleum Status Report US crude stocks rose again last week despite a slump in net-imports and another small decline in US oil production. 27th April 2016 · 1 min read
