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
Energy Update Recovery in US natural gas prices likely to be a slow-burner High stocks due to the exceptionally mild winter will prevent US gas prices from recovering much this year, but strong demand growth should set the scene for higher prices further down the line. 10th March 2016 · 1 min read
Energy Data Response US Weekly Petroleum Status Report US crude stocks rose again last week but a sharp drop in inventories of gasoline seems to have captured the market’s attention. 9th March 2016 · 1 min read
Energy Update Another five years of rejection for coal The draft outline of China’s latest five-year plan spells more bad news for global coal prices as the government focuses on energy efficiency and reducing carbon emissions, while continuing to support... 8th March 2016 · 1 min read
Energy Update What’s behind the rebound in oil prices? The rebound in the price of Brent crude to as high as $40 per barrel today is consistent with our end- 2016 and end-2017 forecasts of $45 and $60, respectively, so we would not want to argue with it... 7th March 2016 · 1 min read
Commodities Weekly Goldilocks eats the bears... Some “just right” US economic data, with activity and inflation neither too hot nor too cold, has boosted the prices of equities and commodities this week. What’s more, the gold price has resumed its... 4th March 2016 · 1 min read
Energy Data Response US Weekly Petroleum Status Report US crude oil stocks jumped by the most in eleven months last week. However, this was mainly driven by a surge in imports which offset a fall in crude production and rise in refinery inputs. Meanwhile... 2nd March 2016 · 1 min read
Energy Update Higher Japanese coal demand won't stop prices falling The restart of Japan's nuclear power plants is likely to reduce the country's demand for oil and gas while also allowing a rebalancing of the remaining consumption of fossil fuels towards coal... 1st March 2016 · 1 min read
Middle East & North Africa Chart Pack Saudi Arabia not about to change tack on oil policy Recent comments from Saudi Arabia’s veteran Oil Minister Ali al- Naimi have dashed hopes that had been growing in some quarters that the Kingdom was about to shift direction on its oil market policy... 25th February 2016 · 1 min read
