Europe Economics Update How is Norway coping with lower oil prices? The decline in oil prices has weighed on the Norwegian mainland economy and things could get worse before they get better. But ramped-up policy support from the Government and central bank next year... 20th October 2015 · 1 min read
Nordic & Swiss Economics Update How is Norway coping with lower oil prices? The decline in oil prices has weighed on the Norwegian mainland economy and things could get worse before they get better. But ramped-up policy support from the Government and central bank next year... 20th October 2015 · 1 min read
Energy Update Long-term outlook for US natural gas prices still bright We remain positive on the outlook for US natural gas prices over the next few years, despite the current weakness, as the cleaner fuel should continue to take market share from coal. 14th October 2015 · 1 min read
OPEC Watch OPEC’s oil output rises, but supply elsewhere set to stall OPEC’s oil production rebounded a little last month, but slower growth in non-OPEC supplies and strong growth in demand should still help prices to rise over the next few years. 12th October 2015 · 1 min read
Energy Update What role has the Syrian crisis played in lifting oil prices? The rebound in oil prices can largely be explained by an improvement in sentiment toward demand and mounting evidence of cuts in non-OPEC supply. Admittedly, the escalation of Russia’s military... 12th October 2015 · 1 min read
Commodities Weekly Further evidence that sentiment is bottoming out We do not expect the future paths to be smooth, but the rallies in commodity prices over the past week are consistent with the relatively positive views we have been expressing for some time. Indeed... 9th October 2015 · 1 min read
Commodities Update The turn is nigh (if it hasn’t already happened) We do not expect the future paths to be smooth, but the rallies in commodity prices over the past week are consistent with the relatively positive views we have been expressing for some time. We are... 9th October 2015 · 1 min read
Precious Metals Update What’s holding back gold? The price of gold has rallied, helped by the Fed’s reluctance to raise US interest rates, but still looks likely to end the year some way below January’s peak of around $1,300 per ounce. However, gold... 8th October 2015 · 1 min read
Energy Data Response US Weekly Petroleum Status Report Stocks of both crude oil and gasoline rose again last week, helped by a fall in refinery utilisation and a small rebound in US oil production. 7th October 2015 · 1 min read
Energy Chart Pack Oil prices start to recover, but coal prices tumble September was a relatively quiet month, at least for oil prices, as calm returned to Chinese equities. What’s more, oil has actually started to recover in early October as China fears subside further... 7th October 2015 · 1 min read
Energy Update Cuts in investment to help oil prices recover Lower investment in oil exploration and production will lead to a sharp drop in growth in non-OPEC output over the next few years, especially from unconventional sources such as deep water and tar... 5th October 2015 · 1 min read
Africa Economics Update Nigeria: Bungled policy response plunges economy into crisis The response of Nigerian policymakers to falling oil prices has only worsened their country’s economic slump. Africa’s largest economy is now on the cusp of a self-induced economic crisis. 5th October 2015 · 1 min read
Commodities Focus The impact of China’s rebalancing on demand for commodities The move away from commodity-intensive investment-led growth in China towards a more consumer-driven economy is often cited as sounding the death knell for commodities demand. However, we would argue... 2nd October 2015 · 1 min read
Energy Data Response US Weekly Petroleum Status Report Crude oil and gasoline stocks both jumped last week, driven by lower refinery runs, higher imports and a dip in demand for oil products. 30th September 2015 · 1 min read
Latin America Rapid Response Brazil fuel price hikes to give further push to inflation 30th September 2015 · 1 min read
Energy Watch What would a hard landing in China mean for energy commodities? Fears about China’s economy have dominated headlines in recent months and have been the main factor behind the weakness in commodity prices. We have argued in previous publications that most of these... 29th September 2015 · 1 min read
