Middle East & North Africa Economics Weekly OPEC+ fallout, Egypt’s LNG imports, Gulf and the Fed Oil prices continued to fall this week, despite OPEC+’s decision to roll over production cuts. And given the way OPEC+ is now losing market share, we think the case for Saudi Arabia, the group’s de... 12th September 2024 · 7 mins read
Middle East & North Africa Economics Update Saudi between a rock and a hard place on oil policy Saudi Arabia has cut oil output aggressively in the past two years but this has failed to prevent a slide in the Kingdom’s oil revenues. Officials are facing a tough choice over what to do next and... 11th September 2024 · 7 mins read
Commodities Update Thoughts on the oil market sell-off The sell-off in oil markets so far in September, which gathered pace on Tuesday, has largely been driven by market concerns over demand. Although investors are correct to be worried about the... 11th September 2024 · 3 mins read
Capital Daily We think equities and oil will go their own ways for a while Although softening global demand for oil has pushed the Brent Crude price to a near three year low, we don’t think the global economic outlook will prevent strong equity gains. 10th September 2024 · 4 mins read
Commodities Focus Will India kickstart the next commodity boom? With a large and growing population and a bright long-term economic outlook, the stage is set for India’s commodity demand to boom. However, there are several reasons why India won’t have the same... 10th September 2024 · 11 mins read
Commodities Weekly OPEC+ definitely maybe in charge of the oil market The big news this week was the decision by some OPEC+ members to extend their voluntary output cuts until December. The immediate implications of the delay to unwinding voluntary output for the oil... 6th September 2024 · 4 mins read
Middle East & North Africa Economics Weekly OPEC+ decision, Saudi Arabia’s Article IV, Egypt inflation The recent slide in oil prices has raised the prospect that OPEC+ delays planned increases to output at its meeting next week, but this risks stoking tensions among key members if it means that the... 5th September 2024 · 6 mins read
Commodities Chart Pack Commodities Chart Pack (Sep. 2024) OPEC+ to face stick or twist moment at next meeting The recent slide in oil prices, to a 14-month low of $73pb at the time of writing, makes the looming OPEC+ decision on whether to unwind its... 5th September 2024 · 1 min read
Commodities Update Cracks in oil demand to put OPEC+ to the test The latest drop in oil prices, coupled with our expectation for global demand to remain weak, will make it practically impossible for OPEC+ to increase output while keeping Brent crude prices above... 4th September 2024 · 4 mins read
Latin America Economics Weekly New bosses for Pemex and the BCB The nomination of Gabriel Galípolo, an ally of President Lula, as the next head of Brazil’s central bank has raised concerns about the politicisation of monetary policy (and a dovish tilt). But... 30th August 2024 · 8 mins read
Commodities Weekly Normal gold service resumes; OPEC+’s conundrum While the stonking rally in gold prices earlier this year was at odds with traditional market drivers, the latest leg up in gold prices – which saw the nominal price reach yet another fresh record... 30th August 2024 · 4 mins read
Middle East & North Africa Economics Weekly Libya’s crisis, Egypt’s central bank meeting The oil market was rocked by two political shocks in the past week: an exchange of missiles between Israel and Hezbollah and a crisis in Libya, which led to cuts to its oil output. At the margin, the... 29th August 2024 · 6 mins read
Africa Economics Update Nigeria: a bumpy recovery ahead The pick-up in Nigerian GDP growth seen in Q2 will probably be followed by a renewed slowdown this quarter. But we think the backdrop of rising oil production, falling inflation and possible interest... 28th August 2024 · 3 mins read
Middle East & North Africa Chart Pack Middle East and North Africa Chart Pack (Aug. '24) Our latest Middle East and North Africa Chart Pack has been updated to reflect the latest data and developments in the region. Growth in the Gulf economies is likely to pick up in the coming quarters... 28th August 2024 · 1 min read
Commodities Weekly Lack of ceasefire deal poses risks; gold at record The apparent stall in the ceasefire talks between Israel and Hamas limited the fall in oil prices this week. While we think a deal wouldn’t be a game-changer for oil prices, a further breakdown in... 23rd August 2024 · 4 mins read
Africa Chart Pack Africa Chart Pack (Aug '24) GDP growth looks set for a modest pick up over the coming quarters as inflation falls back in most SSA economies and monetary easing cycles broaden out. The external environment will remain... 23rd August 2024 · 0 mins read
