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
Commodities Watch How the American Jobs Plan could affect commodities In this Commodities Watch, we take a first look at some of the most important features of President Joe Biden’s $2 trillion infrastructure package, known as the American Jobs Plan, from a commodities... 14th May 2021 · 11 mins read
Commodities Weekly The price rally may be starting to run out of steam Aside from coal and natural gas, the prices of most commodities fell this week in tandem with the declines in global equity markets. Investors are concerned about rising inflation, particularly in the... 14th May 2021 · 6 mins read
Energy Data Response US Weekly Petroleum Status Report US commercial crude stocks held fairly steady last week despite a collapse in exports. While both exports and product demand will probably increase over the coming weeks, crude stocks may have... 12th May 2021 · 2 mins read
Africa Economics Update Mozambique’s natural gas dreams evaporating? Security problems in Mozambique are putting huge natural gas investment projects at risk, clouding the country’s otherwise bright economic outlook while reigniting default concerns. 12th May 2021 · 3 mins read
Commodities Weekly Rally in metals prices looking increasingly stretched Commodity prices pushed higher yet again this week. Most notably, the seemingly unassailable climb in industrial metals prices saw the price of copper push above $10,000 per tonne for the first time... 7th May 2021 · 6 mins read
Energy Data Response US Weekly Petroleum Status Report US crude stocks plummeted last week primarily because net imports nosedived to a record low. While net imports will probably recover in the coming weeks as exports ease back, we think that crude... 5th May 2021 · 2 mins read
Energy Update Brent-WTI price spread likely to remain narrow We think that the absence of pipeline capacity constraints, a strong recovery in US oil demand, and increased output from OPEC+ members will all help to ensure that the Brent-WTI price spread remains... 5th May 2021 · 3 mins read
Energy Outlook A recovery in demand to support prices The rebound in global economic activity this year will lead to a strong pick-up in demand for energy commodities. Arguably, this has already happened in the gas and coal markets as industrial activity... 4th May 2021 · 19 mins read
