Energy Data Response US Weekly Petroleum Status Report Lower demand from refineries is the primary reason for another unexpected rise in commercial crude stocks. This exaggerated today’s fall in prices, which had already been dragged down by weak economic... 14th August 2019 · 2 mins read
Energy Watch IMO 2020 demand boost will not spark oil price rally The International Maritime Organization (IMO) has set new standards for marine fuel, effective from the start of 2020. The rules have major implications for oil refineries and shipping companies, but... 8th August 2019 · 5 mins read
Energy Data Response US Weekly Petroleum Status Report While much of last week’s decline in commercial crude stocks is down to the EIA’s opaque adjustment factor, the latest stocks report nonetheless paints a fairly weak picture of US demand. Given our... 7th August 2019 · 2 mins read
Energy Chart Pack More to the weakness in energy prices than trade While President Trump’s latest tariff threat has added yet more fuel to the oil market’s fears about slowing global growth, the continued malaise in the prices of coal and natural gas reflects more... 2nd August 2019 · 6 mins read
Energy Data Response US Weekly Petroleum Status Report Another hefty drawdown in US commercial crude stocks last week might be taken as a bullish sign by oil markets. However, taking a closer look at the latest week’s figures, the picture painted of... 31st July 2019 · 2 mins read
Oil sector to drag down third-quarter GDP The latest oil production forecasts from the National Energy Board suggest that there are downside risks to our below-consensus forecast that GDP growth declined to 1.5% annualised in the third... 25th July 2019 · 3 mins read
Energy Data Response US Weekly Petroleum Status Report A fall in production in the Gulf of Mexico due to Hurricane Barry largely explains last week’s huge decline in US commercial crude stocks. However, although these output outages will only be temporary... 24th July 2019 · 2 mins read
Energy Data Response US Weekly Petroleum Status Report Last week’s draw in commercial crude stocks can largely be put down to a drop in production in the Gulf of Mexico linked to Hurricane Barry, rather than stronger demand for crude. While the picture is... 17th July 2019 · 2 mins read
Energy Update OPEC+ will not succeed in lowering crude stocks We think that the OPEC+ production cuts will fail to reduce global crude stocks. Instead, we expect soft demand growth and rising global supply, particularly from the US, to push stocks higher in the... 12th July 2019 · 4 mins read
Energy Focus A US-Iran conflict would push oil prices above $150 Mounting geopolitical tensions between the US and Iran have prompted fears of a full-blown military war in the Gulf region. The most important impact would clearly be the loss of life. From the... 11th July 2019 · 10 mins read
OPEC Watch OPEC Monthly Oil Market Report (Jul.) OPEC sees demand for its oil falling in 2020 as non-OPEC producers take market share owing to its policy of output restraint. It forecasts that growth in global demand will be unchanged next year... 11th July 2019 · 3 mins read
Energy Data Response US Weekly Petroleum Status Report Although the main cause of last week’s sharp fall in commercial crude oil stocks is not clear, it does seem that the recent shutdown of the Philadelphia Energy Solution’s refinery has had little... 10th July 2019 · 2 mins read
Energy Chart Pack Weak demand to keep a lid on oil prices Oil prices rose a little in June on a combination of escalating US-Iran tensions, signs of a truce in the US-China trade war and the expectation that OPEC+ would extend its production cuts. However... 4th July 2019 · 6 mins read
Energy Data Response US Weekly Petroleum Status Report A surge in net imports meant that commercial crude oil stocks fell by less-than-expected last week. We expect stocks to continue to drop in the weeks ahead in line with the seasonal uptick in gasoline... 3rd July 2019 · 2 mins read
OPEC Watch OPEC+ output restraint won’t prevent prices falling OPEC+ has agreed to rollover its current output quotas for nine months, but weak demand means that we still expect the market to move into a surplus and oil prices to fall by end-2019. 2nd July 2019 · 3 mins read
OPEC Watch OPEC+ appears likely to extend its output cuts We expect OPEC+ to reaffirm its current output quotas for another six months when it meets next week. The group is likely to justify the move by highlighting high stocks and subdued demand prospects... 28th June 2019 · 3 mins read
