Energy Data Response US Weekly Petroleum Status Report Despite the plunge in crude oil production, US crude stocks rose last week as refinery throughput plummeted. We expect the former to recover more quickly, which will support stocks in the near term. 24th February 2021 · 2 mins read
Energy Watch A closer look at the Indian oil sector In this Energy Watch, we examine the outlook for India’s oil sector. We begin by outlining its importance in the context of our macroeconomic research, before considering how the demand and supply... 23rd February 2021 · 6 mins read
Energy Focus The future of European natural gas pipelines Europe’s natural gas pipeline network is already extensive, and we think that it is going to get bigger in the coming decades. Existing pipelines in Turkey are set to be expanded and new pipelines... 22nd February 2021 · 19 mins read
Energy Data Response US Weekly Petroleum Status Report US commercial crude stocks plunged last week owing primarily to a rebound in exports. Next week, inventories could rise as the deep freeze in the southern parts of the US has knocked out several... 18th February 2021 · 2 mins read
Commodities Weekly Revising up our end-year oil price forecast The price of Brent crude oil breached the $60 per barrel mark this week for the first time in over a year, in a continuation of its strong performance since COVID-19 vaccines were announced in... 12th February 2021 · 7 mins read
OPEC Watch OPEC Monthly Oil Market Report (Feb.) The slight easing of quotas meant that OPEC oil production rose in January. However, output will fall back again this month as Saudi Arabia implements its 1m bpd of voluntary production cuts. 11th February 2021 · 3 mins read
Energy Data Response US Weekly Petroleum Status Report US commercial crude stocks fell last week, while implied product demand strengthened. We expect these trends to continue over the coming months, as COVID-19 containment measures are eased. 10th February 2021 · 2 mins read
Energy Watch What if travel restrictions are not eased later this year? In this Energy Watch, we discuss a key risk to our forecast of a further rise in oil prices by year-end, namely the possibility that insufficient progress on vaccine rollouts and/or concerns over new... 4th February 2021 · 5 mins read
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
