Energy Watch Iran oil production to rebound to previous levels and more The recent deal between Iran and the Wes tmeans that it is now very likely that substantial volumes of oil from Iran will return to the market. (We note that although a final agreement is not... 23rd July 2015 · 1 min read
Commodities Update Investor sentiment towards commodities tanks Broad-based weakness saw industrial commodity price indices slip between mid-June and mid-July. The S&P GSCI agriculture index bucked the trend, although it too has eased back recently. What’s more... 22nd July 2015 · 1 min read
Energy Data Response US Weekly Petroleum Status Report US crude stocks rose last week as another unseasonal increase in commercial inventories was complemented by an addition to the Strategic Petroleum Reserve. 22nd July 2015 · 1 min read
Middle East & North Africa Economics Update Growth in Saudi Arabia accelerates further on back of oil sector Our GDP Tracker suggests that growth in Saudi Arabia accelerated further, to around 5.5% y/y in May, supported by strong growth in the oil sector. But with Iranian oil likely to return to the market... 21st July 2015 · 1 min read
Global Economics Update Too soon to sound the “all clear” on deflation Fears of a prolonged period of falling prices in advanced economies have eased over the past few months as both inflation and inflation expectations have rebounded. Nevertheless, the conditions under... 20th July 2015 · 1 min read
Latin America Economics Update Mexico: the costs and benefits of a weaker peso The drop in the peso to a record low against the dollar in recent weeks has rekindled concerns about what impact this will have on Mexico’s economy. In practice, however, the economics of currency... 20th July 2015 · 1 min read
Middle East & North Africa Economics Focus Assessing the outlook for post-sanctions Iran The recent nuclear agreement between Iran and the P5+1 has rekindled investors’ interest in the Islamic Republic. In this Focus, we take a closer look at the outlook for Iran’s economy and explain... 16th July 2015 · 1 min read
Energy Data Response US Weekly Petroleum Status Report US crude stocks began falling again last week, but the decline was small, barely making up for the earlier unexpected rises. What’s more, gasoline stocks barely moved despite the US driving season... 15th July 2015 · 1 min read
Energy Update Iran and the West make a deal, but stumbling blocks remain Today’s announcement of the deal reached between Iran and the West should, eventually, allow Iranian oil exports to return to their previous levels. However, the deal could still be disrupted by... 14th July 2015 · 1 min read
Latin America Economics Update Mexico oil auctions: what to look for and what they mean Mexico’s government will tomorrow auction rights to private companies to exploit oil reserves in the Gulf of Mexico – a move that marks the first step in opening up the country’s energy sector to... 14th July 2015 · 1 min read
OPEC Watch OPEC keeps the taps firmly on Last month’s increase in supply from OPEC just adds to the glut of oil already in the market. And even with strong growth in demand over the next year, OPEC still expects the market to be well... 13th July 2015 · 1 min read
Middle East & North Africa Economics Update Saudi debt issuance aimed at financial market development Saudi Arabia’s budget deficit is likely to reach an eye-watering 17.5% of GDP this year and the government has now turned to the bond market in order to help plug the gap. Some have argued that debt... 13th July 2015 · 1 min read
Energy Update US oil exports muscle in on an already crowded market Even though we do not expect the restrictions on US crude oil exports to be lifted anytime soon, there is still plenty of scope for exports to grow rapidly. 13th July 2015 · 1 min read
Commodities Update China’s oil imports surge in June China’s commodity import volumes were generally strong in June, although copper imports fell to a four-month low. We think government stimulus and infrastructure spending will boost demand for... 13th July 2015 · 1 min read
Energy Chart Pack Downside risks materialise June was a relatively quiet month for energy markets. However, since the start of July oil prices have tanked as worries about demand, prompted by crisis in Greece and China, and signs of improving... 10th July 2015 · 1 min read
Commodities Weekly Ouch! Commodity investors could be forgiven for a huge sigh of relief that this week is over. The combination of the crisis in Greece and – especially – worries about the fallout from the slump in China’s... 10th July 2015 · 1 min read
