Commodities Outlook The energy crisis is over, but prices to stay elevated We expect most commodity prices to drift lower in the near term as advanced economies enter mild recessions and financial market risk aversion persists. A stronger US dollar will also weigh on prices... 31st March 2023 · 41 mins read
Commodities Weekly Advanced economies to dictate prices With the latest shudders in financial markets seemingly contained, most commodity prices ground steadily upward over the week. Oil prices did receive a boost from supply disruptions in Iraqi Kurdistan... 31st March 2023 · 6 mins read
Energy Data Response US Weekly Petroleum Status Report Commercial crude stocks fell sharply this week as imports fell to a two-year low and refinery activity increased. Meanwhile, product demand continued to expand. As higher interest rates translate into... 29th March 2023 · 2 mins read
Middle East & North Africa Chart Pack Is the door closing for fiscal loosening in the Gulf? One of the main channels through which the Gulf countries are exposed to worries about the health of the global banking system in through energy markets, with the price of Brent crude falling by 13%... 24th March 2023 · 11 mins read
Commodities Weekly Not out of the woods yet Just as it seemed as though stability had been restored in financial markets, a renewed bout of selling of bank stocks took place in Europe this morning. And there are a number of smaller US banks... 24th March 2023 · 6 mins read
Energy Update Clean tech race to hit EU coal and gas demand The EU’s Net-Zero Industry Act announced last week aims to keep the manufacture of clean technologies within the EU and shows that global fracturing will take place within blocs as well as between... 24th March 2023 · 4 mins read
Energy Update Henry Hub prices to be rising by end-2023 US natural gas prices have plummeted recently amid subdued demand and elevated stocks. However, demand is expected to revive this year and next, which will put upward pressure on prices. 22nd March 2023 · 2 mins read
Energy Data Response US Weekly Petroleum Status Report Commercial crude stocks rose slightly this week, although product stocks fell as domestic demand and exports both picked up. But all eyes are on the Fed’s monetary policy meeting later today. 22nd March 2023 · 2 mins read
Commodities Weekly Prices battered, financial conditions to be in focus Commodity markets were not spared the effects of widespread turmoil in the global banking system. Most prices ended the week lower as investors fled risky assets. The gold and silver prices bucked... 17th March 2023 · 6 mins read
Commodities Update Commodities and the spillovers from financial markets While commodity prices have also been caught up in the chaos stemming from the banking sector turmoil, so far the impact hasn’t been too alarming as price falls for most commodities haven’t been... 17th March 2023 · 4 mins read
Commodities Update First thoughts on banking stress and commodity prices Commodity prices have tumbled as concern about a banking crisis has grown. The downside risks to our forecasts, which we recently attributed to higher interest rates, now include banking sector stress... 16th March 2023 · 2 mins read
Energy Data Response US Weekly Petroleum Status Report Commercial crude stocks rose this week, but product stocks fell. That said, the bigger picture remains one of subdued domestic demand, which we expect to remain the case for some time yet. 15th March 2023 · 2 mins read
OPEC Watch OPEC Monthly Oil Market Report (Mar.) OPEC’s monthly report for March noted that the group has stuck to the production targets agreed in October last year. Accordingly, we have revised down our forecasts for the group’s output in 2023. 14th March 2023 · 2 mins read
Commodities Weekly US and China data to steer prices next week Even though US non-farm payrolls increased by 311,000 in February, the report contained signals that were consistent with slowing inflation, prompting a fall in US interest rate expectations today... 10th March 2023 · 6 mins read
