Energy Data Response US Weekly Petroleum Status Report US commercial crude stocks fell again last week, in part due to higher refinery activity. However, rising product stocks and lower product demand suggest the downward trend in crude stocks may slow... 9th June 2021 · 2 mins read
Energy Update Restocking boost to LNG prices to fade soon After rising (and falling) sharply at the start of the year, Asia LNG prices have started to push higher again recently. This latest rise seems to have been driven by a rebuilding of stocks, which... 9th June 2021 · 2 mins read
Commodities Weekly Oil prices to rise a little further as OPEC+ hold the line In what proved to be one of the shortest OPEC+ meetings ever, the group agreed this week to stick to its previously planned increase in output in July. Oil prices rose sharply on the back of the... 4th June 2021 · 6 mins read
Energy Data Response US Weekly Petroleum Status Report US commercial crude stocks declined for the fifth week in a row, owing to the robust economic recovery and a further increase in inputs to refineries. With demand set to rise further, and few signs of... 3rd June 2021 · 2 mins read
Middle East & North Africa Economics Weekly Oil price rally continues, tourism re-opening Oil prices hit their highest level in more than two years this week and, combined with higher oil output over the rest of this year, will help to rein in large twin budget and current account deficits... 3rd June 2021 · 7 mins read
Energy Chart Pack Prices to be falling by end-year Cold weather in parts of the northern hemisphere helped push up the prices of coal and natural gas last month, while oil prices also rose. We still think that average energy prices will be higher this... 2nd June 2021 · 6 mins read
Commodities Chart Pack Most commodity prices to fall back before long Prices generally rose in May, bolstered by signs of recovery in the global economy – led by the US – and stronger commodities demand. While prices could make further gains in the near term, we expect... 2nd June 2021 · 7 mins read
Commodities Weekly OPEC+ to stand pat, for now OPEC+ is set to meet next Tuesday, when we expect the group to agree to continue with its incremental increases in production through to July. We think it unlikely that the group will address the... 28th May 2021 · 6 mins read
Energy Data Response US Weekly Petroleum Status Report Last week’s decline in US crude stocks adds to evidence that the oil market is getting tighter. This supports our view that oil prices have further to rise in the months ahead, before higher OPEC+... 26th May 2021 · 2 mins read
Energy Update Strong demand to keep the Pacific coal price high The price of Pacific coal has surged to just over $100 per tonne for the first time since 2019. We think that the price will remain elevated for the rest of this year in large part owing to strong... 25th May 2021 · 3 mins read
Commodities Weekly Signs that price rallies are beginning to falter The prices of most commodities dropped back again this week as global equity markets struggled to make ground and virus cases in parts of Asia continued to rise. Meanwhile, reports emerged that good... 21st May 2021 · 5 mins read
Middle East & North Africa Economics Update Egypt’s gas sector to provide a boost to the recovery Egypt’s natural gas sector struggled last year as the slump in regional energy prices caused production and exports to fall. But the re-opening of key LNG infrastructure in recent months and prospects... 20th May 2021 · 5 mins read
Commodities Update Oil to disregard US dollar strength The recent depreciation in the US dollar has helped to boost commodity prices. But while we expect a stronger dollar to weigh on most commodity prices later this year, we think that oil prices will... 20th May 2021 · 2 mins read
Latin America Economics Update How big a threat is Brazil’s drought to the recovery? For now, it seems unlikely that the drought affecting Brazil will hit hydropower production hard enough to cause disruptions to electricity supply and broader economic activity. But the drought does... 19th May 2021 · 3 mins read
Energy Data Response US Weekly Petroleum Status Report US commercial crude stocks increased last week as inventories continue to be drawn down from the US government’s strategic reserves. We expect commercial crude stocks to rise further next week as... 19th May 2021 · 2 mins read
Energy Update Deal or no deal, Iran’s oil output set to rise this year A revival of the nuclear deal with Iran would pave the way for sanctions to be lifted, boosting the country’s oil production and weighing on prices. By contrast, while we still expect Iranian output... 17th May 2021 · 3 mins read
