Commodities Weekly Looking for direction There wasn’t a clear direction in commodity markets this week, with most prices driven by commodity-specific factors. Natural gas and coal prices continued to surge, while the prices of some... 3rd September 2021 · 6 mins read
Capital Daily OPEC+, oil prices and two implications for financial markets Although yesterday’s decision by OPEC+ to stick to its planned output increases didn’t cause a big reaction in global financial markets, we still expect the price of oil to decline over the next... 2nd September 2021 · 5 mins read
Energy Data Response US Weekly Petroleum Status Report Last week’s sharp fall in US commercial crude stocks is at odds with many of the underlying indicators. In any case, stocks seem likely to rise in the weeks ahead as reports suggest that refinery... 1st September 2021 · 2 mins read
Commodities Weekly Dollar depreciation unlikely to last There was a dramatic turnaround in the fortunes of commodities prices this week, with across-the-board gains as risk appetite picked up and the US dollar eased back. Fed Chair, Jerome Powell, was... 27th August 2021 · 6 mins read
Commodities Focus The impact of renewables on energy commodities We think that the adoption rate of renewable electricity will accelerate in the decades ahead, which should contribute to a near-continuous decline in demand for coal. Demand for natural gas should... 26th August 2021 · 13 mins read
Energy Data Response US Weekly Petroleum Status Report Crude oil stocks fell again last week and implied gasoline demand rose, in broadly positive news for oil prices. For now, US consumers appear to be shrugging off the spread of the Delta variant of... 25th August 2021 · 2 mins read
Commodities Update A few points to make on extreme weather events Some of our forecasts for commodity prices this year have been blown off course by extreme weather events. As economists we cannot pretend to have insight into future weather patterns, but we can... 23rd August 2021 · 3 mins read
Commodities Weekly Delta to continue to weigh on prices Commodity prices mostly fell this week on the back of a stronger US dollar as well as mounting concerns over the demand outlook. China’s July activity and spending data, published on Monday, were... 20th August 2021 · 5 mins read
Energy Watch Oil prices would still fall even if OPEC expands In this Energy Watch, we discuss the future of OPEC and its role in the oil market. While we suspect that its membership may expand, we think that its ability to influence oil prices will fall over... 19th August 2021 · 7 mins read
Middle East & North Africa Economics Weekly Gulf and oil prices, Egypt remittances, PIF’s Call of Duty The latest drop back in oil prices is unlikely to be of much concern to policymakers in the Gulf and we still think that there is a window of opportunity for fiscal policy to be loosened. Elsewhere... 19th August 2021 · 6 mins read
Energy Data Response US Weekly Petroleum Status Report While crude stocks fell again last week, gasoline inventories rose a little and there was a further pullback in implied gasoline demand. Given the ongoing rise in virus infections and some re... 18th August 2021 · 2 mins read
Capital Daily We expect US credit spreads to continue to rise We suspect that corporate credit spreads in the US have now troughed and expect them to keep rising. 17th August 2021 · 5 mins read
Commodities Weekly Alarming UN report could spark more green spending The UN’s latest Intergovernmental Panel on Climate Change (IPCC) report warned that ever-increasing greenhouse gas emissions are a ‘code red for humanity’, which could give further momentum to the... 13th August 2021 · 6 mins read
Asset Allocation Chart Pack Three recent trends we expect to last We expect several of the trends that have tentatively (re-)emerged in financial markets recently to persist. 12th August 2021 · 13 mins read
OPEC Watch OPEC Monthly Oil Market Report (Aug.) OPEC’s oil production soared in July as Saudi Arabia unwound the bulk of its voluntary output cut. Although OPEC left its demand forecast unchanged, we think that the near-term demand outlook has... 12th August 2021 · 3 mins read
Energy Data Response US Weekly Petroleum Status Report Last week’s fall in crude oil and gasoline stocks suggests that growth in demand in the US is continuing to outpace growth in supply. However, following a strong recovery from its pandemic-induced... 11th August 2021 · 2 mins read
