Commodities Weekly Commodities Weekly: Trump throws more curveballs at commodity markets President Trump loomed large over commodity markets once again this week, with tariff threats and tighter sanctions. Next week, the focus will turn to the National People’s Congress in China and an... 28th February 2025 · 4 mins read
Middle East & North Africa Economics Update Qatar’s economy waits for the North Field boost Qatar’s economy will be stuck in the slow lane for much of 2025 as non-hydrocarbon activity slows and LNG output remains constrained. But the North Field will start to come online from Q4 and provide... 26th February 2025 · 4 mins read
China Economics Update Here’s what China can offer to buy from the US President Trump has signalled that he is open to the possibility of a new trade deal with China, though probably not before tensions rachet up further. This would likely involve China committing to... 25th February 2025 · 6 mins read
Commodities Focus Assessing the post-Ukraine war energy landscape While some Russian pipeline gas flows into the EU could resume as part of any Ukraine-Russia peace deal, at most such supplies would probably only recover to about a quarter of pre-invasion levels... 24th February 2025 · 15 mins read
Commodities Weekly Commodities Weekly: OPEC+ in a bind; US-Russia-Ukraine & energy markets Conflicting reports this week around OPEC+'s plan regarding unwinding its voluntary output cuts from April highlight the risks of yet another delay. While any delay would tighten the oil market at the... 21st February 2025 · 4 mins read
Emerging Europe Rapid Response US-Russia talks don’t signal near-term end to the war The decision by the US and Russia to “lay the groundwork” to end the war in Ukraine marks a potentially significant turning point after three years of conflict. Negotiations will take time and the... 18th February 2025 · 2 mins read
Commodities Weekly Commodities Weekly: Trump talks Ukraine peace, EU gas slides; metals tariffs The possibility of the EU increasing pipeline supplies of Russian natural gas following Trump’s announcement of peace talks with Putin has contributed to a sharp fall in EU gas prices. Whether or not... 14th February 2025 · 4 mins read
Capital Daily Peace in Ukraine? Market implications of Trump-Putin call President Trump’s push for a peace agreement in the Russia-Ukraine war would affect major financial markets mainly through lowering energy prices, especially in Europe. In turn, that would be a boost... 13th February 2025 · 5 mins read
Europe Economics Update Implications of an earlier Ukraine peace deal for Europe President Trump’s push for an early peace agreement in Ukraine raises the prospect of higher defence spending in Europe and increases the chance of a fall in European natural gas prices. But it does... 13th February 2025 · 3 mins read
Middle East & North Africa Economics Update Saudi’s economy set for a modest acceleration Saudi Arabia’s economic growth will accelerate this year as the Kingdom starts to unwind oil production cuts from April. But while the Kingdom’s non-oil sector started the year on a strong footing... 11th February 2025 · 3 mins read
Commodities Chart Pack Commodities Chart Pack (February 2025) Trump’s curveballs have limited sway in oil markets With oil prices back to where they were at the start of the year, the oil market has offered a collective shrug to the geopolitical curveballs... 10th February 2025 · 1 min read
Event Commodities Drop-In: Trump, tariffs and the commodities markets impact 1739458800 Tariffs on energy suppliers. Tariffs on metals suppliers. A push to end the Ukraine war. A National Energy Emergency. Less than one month in.
Commodities Weekly Commodities Weekly: Frothy coffee?; EU gas woe; "Max pressure", little impact While the steady upward grind in EU natural gas prices has been less spectacular than the recent hockey stick-shaped surge in the price of arabica coffee beans, the doubling in EU gas prices since... 7th February 2025 · 4 mins read
Middle East & North Africa Economics Weekly MENA Weekly: Trump muddles the US’s relations with MENA President Trump’s comments on Gaza risk straining relations with the Gulf and will work against his aim of expanding the Abraham Accords to include a normalisation of Saudi-Israel relations. Meanwhile... 6th February 2025 · 7 mins read
Africa Economics Update Mozambique’s sovereign debt outlook is perilous Mozambique’s post-election woes are mounting after another reported delay to one of its key natural gas projects. And this has led to increasing talk that the government may seek to restructure its... 6th February 2025 · 4 mins read
Climate Economics Update Solar take-up in Saudi will be felt in global oil markets The renewable rollout in Saudi Arabia is set to accelerate on the back of cheap solar panel imports from China. Given that Saudi Arabia is one of a few countries that directly burns crude oil for... 5th February 2025 · 3 mins read
