Energy Data Response US Weekly Petroleum Status Report Commercial crude stocks continued their counter-seasonal decline last week, even as net imports rebounded and refinery throughput eased back slightly. We expect inventories to decline further over the... 3rd February 2021 · 2 mins read
Energy Update End of stockpiling bonanza to hold back oil prices An often-overlooked factor supporting oil prices last year was the surge in stockpiling by China and India. But given the rebound in prices since then, and how much inventories have now risen, we... 2nd February 2021 · 3 mins read
Energy Data Response US Weekly Petroleum Status Report US commercial crude stocks sank last week, as net imports plummeted. Assuming that progress on COVID-19 vaccines continues, we expect a pick-up in demand will weigh on stocks from Q2 onwards. 27th January 2021 · 2 mins read
Energy Update Weighing up the prospects for US oil production Higher prices and a backlog of uncompleted wells should ensure that US crude oil production edges up slowly over the next couple of years. But with many of the challenges facing the sector still... 27th January 2021 · 2 mins read
Energy Outlook Rebound in prices to continue, except for coal The revival in oil demand and prices should continue to gather pace in 2021 as the lifting of quarantine measures enables the release of ‘pent-up’ demand associated with leisure activity. Meanwhile, a... 25th January 2021 · 19 mins read
Energy Data Response US Weekly Petroleum Status Report Following five consecutive weeks of declines, commercial crude stocks in the US rose last week. Together with still-high rates of new COVID-19 infections, this points to a gloomy near-term outlook for... 22nd January 2021 · 2 mins read
OPEC Watch OPEC Monthly Oil Market Report (Jan.) OPEC’s oil production rose in December and is likely to pick up again this month in line with its higher quotas. However, the group’s total output will almost certainly fall in February and March as... 14th January 2021 · 3 mins read
Energy Data Response US Weekly Petroleum Status Report Crude inventories continued their downward trend, helped by the ongoing increase in crude inputs to refineries. Implied product demand picked up, but product stocks also rose. 13th January 2021 · 2 mins read
Global Economics Chart Pack Vaccines won’t prevent a weak start to the year While the economic fallout will not be as severe as it was with the first lockdowns, the surge in virus cases will weigh on activity in Q1. Vaccine rollouts should provide a boost to the global... 12th January 2021 · 14 mins read
Energy Update Key energy forecasts for 2021 We expect the prices of most energy commodity to rise in 2021, as demand revives in line with the global economic recovery. But coal prices are likely to fall back, as demand growth in major consuming... 11th January 2021 · 3 mins read
Commodities Weekly Saudi Arabia springs a surprise After a strong finish to 2020, most commodity prices built on their gains in the first week of January, as investor sentiment continued to prove supportive and Saudi Arabia announced that it would... 8th January 2021 · 7 mins read
Energy Chart Pack Energy continues to play catch-up Energy commodity prices for the most part ended 2020 on a high, buoyed by strong seasonal demand, an increase in investor risk appetite and a weaker US dollar. And while energy commodities were the... 7th January 2021 · 6 mins read
Energy Update Saudi production cuts to boost prices If implemented, Saudi Arabia’s shock pledge to cut oil production by 1m bpd in February and March should offset much of the current lockdown-related weakness in global oil demand. Consequently, the... 7th January 2021 · 3 mins read
Energy Data Response US Weekly Petroleum Status Report Crude stocks plummeted at the beginning of 2021, explained by an increase in refinery activity and persistently robust exports. However, rising product stocks point to subdued consumption. 6th January 2021 · 2 mins read
India Chart Pack Cautious optimism as 2020 ends COVID-19 has ravaged India’s economy in 2020, and GDP is all but certain to have suffered its largest slump on record this year. But there are reasons for optimism as the year draws to a close... 23rd December 2020 · 9 mins read
Commodities Update Australian coal exports to hold up, despite tensions One of the latest casualties of heightened China-Australia geopolitical tensions is Australian coal exports. But we think that this will have limited implications for demand and prices as, for the... 22nd December 2020 · 4 mins read
